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Sun Capital wraps up packaging deal

The European buyout arm of Sun Capital partners has added to its packaging portfolio, despite the sector facing difficulties during the downturn

Buyout firm Sun Capital Partners’ European arm has added to its growing portfolio of packaging companies and plans to expand further in Europe.

The mid-market firm has acquired UK plastic packaging company Britton Group from HSBC's direct principal investments division. The firm plans to use the packaging company to expand in Europe via a 'buy and build' strategy, Philippe Neuschaefer, vice president of Sun European Partners told Financial News.

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