Pochet looks to acquire control of Lisi Cosmetics 11-Feb-2011

The French Pochet group, which makes glass, metal and plastic packaging for the perfumery and cosmetics sector, has issued a letter of intent to the Lisi industrial group via its Qualipac subsidiary, to acquire full control of the Lisi divisional company Lisi Cosmetics.

Lisi Cosmetics also produces a wide range of packaging solutions for the cosmetics industry and posted sales of €54.6 m in 2010. It has three production sites in France. Meanwhile, the Lisi group has in return granted Qualipac exclusive rights to negotiate the deal by the end of June this year.

Pochet was founded in 1623 and currently produces luxury glass perfume bottles and containers for major cosmetics and perfume producers, including Christian Dior and Calvin Klein. The Qualipac subsidiary, which has global turnover of around €200m, has six plants on three continents. The Lisi group has been pursuing a strategy in the past two to three years of shedding non-strategic assets in order to refocus on its mainstream industrial businesses.