GERMANY - Rutland acquires CeDo from Delton

CeDo's product line includes both own-label and proprietary household disposables, such as refuse sacks, bin liners, nappy sacks, cling film and aluminium foil. The company's main focus is on the UK, German and French markets, but the business has also seen an increase in revenues from Eastern Europe. Sales amounts to approximately EUR 210m.

Debt financing to support the deal was provided by Lloyds TSB Commercial Finance and Indigo Capital LLP. The deal marks the third investment from Rutland's £322 fund, Rutland Fund II.

The transaction is conditional on regulatory approval, and is expected to close within three months.

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• DACH