LONDON, April 29 (Reuters) - U.S. buyout house ClaytonDubilier & Rice (CD&R) has bought German sausage casings makerKalle from Silverfleet Capital, the companies said on Friday.
Terms of the deal were not disclosed, but two sourcesfamiliar with the process said the price was towards the upperend of 450-500 million euros ($512-569 million).
Kalle was purchased by Silverfleet in 2009, and had turnoverof more than 281 million euros last year.
In March 2010, Silverfleet syndicated part of itsinvestment, with British private equity firm Electra investing 9 million pounds ($13 million) in the business.Electra has also sold its stake.
Reuters reported in September that Rothschild was advisingon a possible sale or IPO.
"Because of the turbulent stock markets we decided against alisting that we had worked on for long, and concentrated on thesales process," Guido May, a partner at Silverfleet, toldReuters.
"A new owner with deeper pockets than we had can developKalle further. For example, the U.S. market would deliver greatopportunities for growth."
($1 = 0.8783 euros)
($1 = 0.6859 pounds) (Reporting by Freya Berry and Alexander Huebner; Editing byMark Potter)
