CHARLOTTE, North Carolina (News release) -- Magnera Corporation has announced the sale of its Caerphilly, UK operations to Polyart Group, a Prudentia Capital holding.

Following a strategic portfolio review of its manufacturing technologies, products, and markets served, Magnera initiated an evaluation of strategic alternatives for its Caerphilly business that produces metallized paper for various end market applications, including premium labels, gift wrap and food packaging. The evaluation initiated a sale process for the operations, resulting in an agreement with the Polyart Group to purchase 100% of the shares of the Caerphilly business.

"We are deeply grateful for the dedication and commitment of our Caerphilly team and we wish them continued success as they join Polyart," said Curt Begle, Magnera CEO. "We also value the loyalty of our customers and remain fully committed to supporting a seamless transition, ensuring exceptional service and continued success for all stakeholders."

"Prudentia Capital is pleased to add the Caerphilly operations to our growing portfolio of companies. We're excited about the additional value we can bring to our existing customers and growing the business, which serves customers globally," said Dominik Zwerger, Founding Partner of Prudentia Capital. "Our vision is to leverage the expertise of the management team to continue providing high-quality products."