Mereo Capital Partners and Hyperion Capital Partners Acquire Algus Packaging LLC

business newsImage via Pixabay

CONSHOHOCKEN, PA — Mereo Capital Partners and Hyperion Capital Partners announced the recent acquisition of Algus Packaging LLC, a provider of thermoformed blister and clamshell packaging and manufacturer of blister seal machines. Founded in 1995 and headquartered in DeKalb, IL, Algus provides complete packaging solutions to a blue-chip roster of customers across a variety of end markets. The transaction closed on November 2, 2022.

“We are excited to partner with the management team of Algus to build on its history of success and invest in its future growth,” said Leo Helmers, Co-Founder of Mereo. “We are attracted to Algus’ superior packaging solutions, reputation for exceptional quality and strong growth prospects.”

“We are thrilled to have Mereo and Hyperion as our partners as we embark on an exciting new chapter in our Company’s history,” said Rod MacNeille, Chief Executive Officer of Algus. “We look forward to collaborating with them to execute on our strategic initiatives.”

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.

READ:  Radcliffe Capital Management Hires Investment Veteran Peter Duffy, CFA, Appoints Three New Managing Directors