# Mereo and Hyperion acquire packaging manufacturer Algus

Mereo Capital Partners and Hyperion Capital Partners have acquired Algus Packaging, a packaging company based in Illinois. The transaction closed on 2 November 2022; financial terms were not disclosed.

- Type: Acquisition
- Announced: 2022-11-29
- Where: DeKalb, Illinois, United States
- Status: completed
- Products: thermoformed blister and clamshell packaging, blister seal machines
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mereo Capital Partners](https://endata.com/companies/66924.md) (acquirer)
- [Hyperion Capital Partners](https://endata.com/companies/66925.md) (acquirer)
- [Algus Packaging](https://endata.com/companies/66926.md) (target)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/mereo-hyperion-algus/), 2022-11-29: "We are excited to partner with the management team of Algus to build on its history of success and invest in its future growth."
- [houlihancapital.com](https://www.houlihancapital.com/algus-packaging-has-been-acquired-by-mereo-capital-partners-and-hyperion-capital-partners/), 2022-12-01: "We are thrilled to have Mereo and Hyperion as our partners as we embark on an exciting new chapter in our Company’s history."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.