Albéa, an affiliate of Sun European Partners LLP, today announces that it has completed the acquisition of Rexam Personal Care, Cosmetic division, a leading producer of dispensing systems and make up packaging for the Cosmetic and Personal Care markets. The division operates 11 plants in Europe, the Americas and Asia. This follows Rexam’s announcement on July 3, 2012 on the proposed sale of its Personal Care business.
With this new acquisition, Albéa confirms its global leadership in Cosmetic and Personal Care by expanding its packaging solutions to Dispensing Systems and reinforcing its offer in Tubes, Cosmetic Rigid Packaging, and Beauty Solutions. It also strengthens Albéa’s position in emerging markets to develop its wide product portfolio across multiple market segments.
“This acquisition is consistent with Albéa’s strategy of building a strong, sustainable and profitable growth platform offering packaging solutions to the Cosmetic and Personal Care market,” said François Luscan, President and CEO, Albéa. “We believe this transaction will allow us to better serve our customers worldwide and further enhance our strong focus on product innovation”.
“Through supporting Albéa with this acquisition we have created a global leader in the cosmetic packaging industry, demonstrating further our ability to source attractive investments and create value in the broader packaging sector,” said Benjamin Buerstedde, Vice President of Sun European Partners. “The transaction is another great example of our unique capabilities in completing complex corporate carve-outs.”
With the integration of Rexam Personal Care, Cosmetic division, Albéa operates 46 plants in 14 countries and offers a wide range of packaging solutions for the make-up, skin/personal care, fragrance, and oral care markets.
Contact:
Fergus Wheeler
FTI Consulting
Tel: +44 (0) 20 3727 1522