Clayton Dubilier & Rice is investing an undisclosed amount in sausage casings producer Kalle GmbH, a target the PE firm been following for several years.

Kalle, based in Wiesbaden, Germany, makes casings for sausages and other meat products. In addition, Kalle uses its casings in textiles and plastics. The company generated about €281 million ($321 million) in revenue in 2015.

CD&R partner David Novak calls the deal “a great fit with CD&R’s focus on both consumer and industrial businesses in Europe.” CD&R has previously invested in consumer companies, such as bridal gown retailer David’s Bridal and beauty supply company Sally Beauty.

William Blair, Freshfields along with Debevoise & Plimpton LLP are advising CD&R. The PE firm has financing commitments from Bank of Ireland, UniCredit, BNP Paribas, HSBC, CACIB, SMBC and Oaktree.

Food companies continue to receive high interest from both private equity and strategic buyers. The Hershey Co. (NYSE: HSY) has purchased snacks company Ripple Brand Collective LLC; McCormick & Co. Inc. (NYSE: MKC) has bought herb maker Botanical Food Co. Pty. Ltd; and Peak Rock said it will acquire food service company Diamond Crystal Brands Inc. from Hormel Foods Corp. (NYSE: HRL).

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