Clayton, Dubilier & Rice Exits Mauser Investment in $2.3 Billion Transaction

NEW YORK and LONDON — April 3, 2017 - Clayton, Dubilier & Rice announced today the completion of the previously-announced sale of Mauser Group N.V. to Stone Canyon Industries, LLC in an all-cash transaction valued at $2.3 billion.

Mauser, acquired by CD&R funds in 2014, is a leading global supplier of industrial rigid packaging products and reconditioning services. Stone Canyon Industries, through its subsidiary BWAY Corp., is one of the largest manufacturers of rigid metal, plastic containers and hybrid containers in North America.

Under CD&R's ownership, Mauser achieved a number of important operational milestones, resulting in 9% per annum revenue growth and 15% per annum EBITDA growth. With more than 5,000 employees, Mauser operates 111 manufacturing facilities in 88 strategic locations across 18 countries in Europe, North America, South America and Asia, serving more than 12,500 customers.

Bank of America Merrill Lynch acted as lead financial advisor; Citigroup acted as financial advisor; and Latham & Watkins LLP provided legal counsel to CD&R. Goldman Sachs acted as financial advisor, and Gibson, Dunn & Crutcher LLP provided legal counsel to Stone Canyon Industries.

About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of more than $22 billion in 72 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion. The Firm has offices in New York and London. For more information, visit www.cdr-inc.com.

About Mauser Group
Mauser Group is a worldwide leading producer of industrial packaging with more than 5,000 employees and consolidated revenue of over €1.4 billion. Founded in 1896 and headquartered in Oosterhout, The Netherlands, the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries, includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers ("IBC"), and reconditioning services through the National Container Group ("NCG"), a Mauser subsidiary. Mauser provides sustainability-oriented, full-cycle services — from production to recycling ("ECO-CYCLE®"). With 111 Mauser/NCG sites and multiple joint ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com


Clayton, Dubilier & Rice Exits Mauser Investment in $2.3 Billion Transaction

NEW YORK and LONDON — April 3, 2017 - Clayton, Dubilier & Rice announced today the completion of the previously-announced sale of Mauser Group N.V. to Stone Canyon Industries, LLC in an all-cash transaction valued at $2.3 billion.

Mauser, acquired by CD&R funds in 2014, is a leading global supplier of industrial rigid packaging products and reconditioning services. Stone Canyon Industries, through its subsidiary BWAY Corp., is one of the largest manufacturers of rigid metal, plastic containers and hybrid containers in North America.

Under CD&R's ownership, Mauser achieved a number of important operational milestones, resulting in 9% per annum revenue growth and 15% per annum EBITDA growth. With more than 5,000 employees, Mauser operates 111 manufacturing facilities in 88 strategic locations across 18 countries in Europe, North America, South America and Asia, serving more than 12,500 customers.

Bank of America Merrill Lynch acted as lead financial advisor; Citigroup acted as financial advisor; and Latham & Watkins LLP provided legal counsel to CD&R. Goldman Sachs acted as financial advisor, and Gibson, Dunn & Crutcher LLP provided legal counsel to Stone Canyon Industries.

About Clayton, Dubilier & Rice
Founded in 1978, Clayton, Dubilier & Rice is a private investment firm. Since inception, CD&R has managed the investment of more than $22 billion in 72 companies representing a broad range of industries with an aggregate transaction value of more than $100 billion. The Firm has offices in New York and London. For more information, visit www.cdr-inc.com.

About Mauser Group
Mauser Group is a worldwide leading producer of industrial packaging with more than 5,000 employees and consolidated revenue of over €1.4 billion. Founded in 1896 and headquartered in Oosterhout, The Netherlands, the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries, includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers ("IBC"), and reconditioning services through the National Container Group ("NCG"), a Mauser subsidiary. Mauser provides sustainability-oriented, full-cycle services — from production to recycling ("ECO-CYCLE®"). With 111 Mauser/NCG sites and multiple joint ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com