Alcan Packaging acquires cosmetics tubes manufacturing facility in Russia
Alcan Packaging has announced that its Global Beauty division has signed a share purchase agreement to acquire the Tubapak cosmetic tubes manufacturing facility in Russia, subject to clearance by the relevant Russian authorities.
Alcan Packaging has announced that its Global Beauty division has signed a share purchase agreement to acquire the Tubapak cosmetic tubes manufacturing facility in Russia, subject to clearance by the relevant Russian authorities.
Ilene S Gordon, president and ceo of Alcan Packaging, part of Rio Tinto Alcan, said of the acquisition: “It will enable us to significantly increase our capacity in the attractive Central and Eastern European markets, allowing us to develop a competitive industrial base from which to better serve our customers.”
The Tubapak facility manufactures plastic tubes for the Russian cosmetic and personal care market, covering 7,000 metres squared of production and warehousing space in the Moscow area.
“Our strategy is to accompany our global customers as they develop new markets. This acquisition, our first in Russia, will enable us to meet existing supply contracts and, as we increase the plant’s capacity, to grow in this region,” said François Luscan, president, Alcan Packaging Global Beauty.