# Torqx Capital to take majority stake as CSi packaging and Madern Group merge into Madern Industries

CSi packaging joins forces with Madern Group, a paperboard packaging post-press converter, to form Madern Industries, with Torqx Capital Partners becoming majority shareholder alongside management.

- Type: Acquisition
- Announced: 2023-02-15
- Where: Europe, US and Asia
- Status: announced
- Products: paperboard packaging, folding and liquid packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [CSi packaging](https://endata.com/companies/10253.md) (acquirer)
- [Madern Group](https://endata.com/companies/10254.md) (target)
- [Torqx Capital](https://endata.com/companies/10255.md) (investor)

## Sources

- [torqxcapital.com](https://www.torqxcapital.com/madern-and-csi-packaging-join-forces-to-become-madern-industries/), 2023-02-15: "The combination is backed by Torqx Capital Partners who will become majority shareholder of the group in combination with management."

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