Industry Newsroom

Avallon Agrees to Acquire Majority Stake in Clovin

Central Europe-focused private equity fund manager Avallon has agreed to acquire a majority stake in Clovin, a Poland-based washing products producer. Avallon will support Clovin’s ongoing investment program and lend strategic support for acquisitions, the production of innovative and ecological products, and expansion of the company’s international footprint. Financial details of the transaction, which is pending regulatory approval, have not been disclosed.