Transaction expands Albéa’s packaging solutions to include dispensing systems
Sun European Partners affiliate Albéa has announced that it has completed the acquisition of Rexam Personal Care’s cosmetics division, which produces dispensing systems and make-up packaging for the C&T market. This follows Rexam’s announcement on 3 July 2012 of its intention to sell its Personal Care business.
The cosmetics division operates 11 plants in Europe, the Americas and Asia and will bring the total number of plants operated by Albéa to 46 in 14 countries. The acquisition expands Albéa’s packaging solutions to include dispensing systems and reinforces its offer in tubes, cosmetic rigid packaging and beauty solutions. It also strengthens Albéa’s position in emerging markets to develop its product portfolio across multiple market segments.
Commenting on the transaction, François Luscan, president and ceo of 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.”