Mauser Group agrees to $2.3 billion sale instead of expected IPO

Mauser Group N.V., a packing supply company, agreed to be sold to Stone Canyon Industries for $2.3 billion in cash ahead of an expected initial public offering, the company said Tuesday. Mauser is owned by Clayton, Dubilier & Rice, who agreed to the sale through Stone Canyon’s subsidiary, BWAY Corop. Mauser was expected to price its offering of up to $265 million this week. The acquisitionfollows the recently announced sale of AppDynamics to Cisco
for $3.7 billion less than 24 hours before it was expected to sell shares to the public.

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