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CD&R completes Kalle acquisition

Clayton, Dubilier & Rice has closed its previously announced buy of Kalle GmbH, a German-based maker of artificial casings for the meat processing sector. No financial terms were disclosed.

PRESS RELEASE

LONDON – June 30, 2016 – Clayton, Dubilier & Rice announced today that it completed the previously announced acquisition of Kalle GmbH, a leading international industrial manufacturer of artificial casings for the meat processing industry. Terms of the transaction were not disclosed.

Kalle manufactures and supplies casings for the protein-processing industry, including pork, beef, poultry and vegetarian protein categories. The company has operations across 9 countries and generated 2015 revenues of more than €281 million from customers in 100 countries, producing more than 850 million meters of casings for a wide range of meat, poultry, and other protein products. Kalle is the global leader in the value-added and viscose sausage casings sectors and the second largest manufacturer of polymer casings.

About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice invests in European and U.S-based businesses. Since inception, CD&R has managed the investment of $21 billion in 68 companies representing a broad range of industries with an aggregate transaction value of approximately $100 billion, including foodservice industry market leaders Alliant Foodservice, Brakes Group and US Foods. CD&R acquired Germany-based Mauser in 2014. The Firm has offices in London and New York. For more information, visit www.cdr-inc.com.

About Kalle
The Kalle Group, based in Wiesbaden, Germany, is one of the world’s leading suppliers of industrially produced casings for meat, poultry, and other protein products. In addition to its innovative range of value-added casings, it creates a steady stream of new and customized solutions that enable new types of products. Over the past 20 years, Kalle has enjoyed strong, sustained and profitable growth. Today, it is using its technological and innovative edge to accelerate the pace of development – both in existing markets and in many emerging markets in Latin America, Eastern Europe and Asia. For more information, visit www.kalle-group.com.