Motion Equity Partners announced the acquisition from Céréa Capital of Celluloses de la Loire (CDL), the European leading manufacturer of moulded cellulose packaging. CDL is specialized in the manufacture of egg trays. It is one of the major actors of the poultry packaging market which constitutes its main commercial market. CDL also sells inserts («Family packs”) and egg boxes to agricultural cooperatives and specialized distributors. The company also sells a range of medical single-use products and packaging for fruits and vegetables. Located in France and UK, its production site products more than 800 million of items per year for the European market. Historical leader on the French market, CDL distributes its products in more than 40 countries and makes 66% of its turnover from export.
CDL was advised by LL Berg (Olivier Abergel, Julien Carrascosa, Gaëlle Quillivic and Marc Huynh), Bucéphale Finance (Romain Petit) and Kepler Corporate Finance (Olivier Dardel).
Latham and Watkins advised the purchaser.