Clondalkin reports change of control for 10 5/8% notes

New York, Feb. 3 - Clondalkin Industries Ltd. said there has been a change in ownership of its parent company Clondalkin Group Holdings Ltd.

Clondalkin said it is aware of its obligations under the terms of its €125 million 10 5/8% senior notes due 2010.

It said in a 6-K filing with the Securities and Exchange Commission that it will take "all the steps necessary" to meet the obligations.

The company added that it will make an announcement later in the week with details.

Dublin, Ireland, packaging company Clondalkin was sold by Candover to Warburg Pincus in a €630 million deal announced Feb. 1.

Candover took Clondalkin private in 1999 in a transaction valued at €550 million.

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