Clearwater has advised Connecting Capital Sweden AB on its sale of leading manufacturer of handles for carrying paper and plastic packages Persson Innovation to Ceder Capital.
Persson Innovation was founded in 1982 and is a world-leading manufacturer of handles for carrying paper and plastic packages. The company has offices in Kumla, Sweden, and a turnover of €7.8m (SKr 80m). Persson Innovation’s products are important components for customers who use pet, laundry, drink, chemical and electronics products.
Ceder Capital has acquired Persson Innovation AB from Connecting Capital in cooperation with the management. Ceder Capital will support management with its objective to grow globally. The cooperation will increase Persson Innovation’s resources, both financially and operationally, which enables the company to develop and expand the business and create more value for customers.
