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Clayton, Dubilier & Rice exits Mauser investment in USD2.3bn transaction

Clayton, Dubilier & Rice has completed the sale of Mauser Group to Stone Canyon Industries in an all-cash transaction valued at USD2.3 billion.

Mauser, acquired by CD&R funds in 2014, is a supplier of industrial rigid packaging products and reconditioning services. Stone Canyon Industries, through its subsidiary BWAY Corp, is one of the largest manufacturers of rigid metal, plastic containers and hybrid containers in North America.
Under CD&R’s ownership, Mauser achieved a number of important operational milestones, resulting in 9 per cent per annum revenue growth and 15 per cent per annum EBITDA growth. With more than 5,000 employees, Mauser operates 111 manufacturing facilities in 88 strategic locations across 18 countries in Europe, North America, South America and Asia, serving more than 12,500 customers.
Bank of America Merrill Lynch acted as lead financial adviser; Citigroup acted as financial adviser; and Latham & Watkins provided legal counsel to CD&R. Goldman Sachs acted as financial adviser, and Gibson, Dunn & Crutcher provided legal counsel to Stone Canyon Industries.

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