An affiliate of Sun European Partners, the European advisor to private equity firm Sun Capital Partners, Albéa will expand its reach into dispensing systems as well as cementing its position in the tubes and cosmetic rigid packaging market.
François Luscan, President and chief executive at Albéa, said: “This acquisition is consistent with Albéa’s strategy of building a strong, sustainable and profitable growth platform offering packaging solutions to the Cosmetics and Personal Care market. We believe this transaction will allow us to better serve our customers worldwide and further enhance our strong focus on product innovation”.
Benjamin Buerstedde, vice president of Sun European Partners, added: “Through supporting Albéa with this acquisition we have created a global leader in the cosmetics packaging industry, demonstrating further our ability to source attractive investments and create value in the broader packaging sector. The transaction is another great example of our unique capabilities in completing complex corporate carve-outs.”
With the integration of Rexam Personal Care, Cosmetics division, Albéa operates 46 plants in 14 countries.