Keller Crescent, the largest independently owned producer of folding cartons, labels, inserts, outserts and other packaging components for the North American pharmaceutical and healthcare markets, has been acquired by the Clondalkin Group for an undisclosed amount.
Keller Crescent is headquartered in Evansville, Indiana, and operates three main production plants in Evansville and Indianapolis, and in Charlotte, North Carolina. The pharmaceutical and healthcare markets account for more than 90 per cent of its sales.
The acquisition is said to give Dublin based Clondalkin pharmaceutical packaging market leadership in North America.
Norbert McDermott, Clondalkin Group ceo, comments: “Keller Crescent is the strongest independent brand name in the pharmaceutical market in North America. In terms of locations, technology, product capability and customers supplied, it complements our Pharmagraphics operations extremely well. The acquisition is a very important step in enhancing Clondalkin’s product portfolio, as it increases our pharmaceutical, healthcare, cosmetics/toiletries and personal care activities to almost 25 per cent of our annual Group sales.”
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