GPack, formerly known as Cartotecnica Goldprint, has signed an agreement to acquire Alliora Coffrets from Oaktree Capital Management.
The French cosmetics and fragrance packaging company, which has been renamed Alliora, is based in Fougères in Brittany, France.
GPack plans to turn the location into its centre of excellence for gift boxes, with renewed investment, and double its business in this sector.
Alliora, which was formerly part of the Ileos Group, generates revenues of approximately €12m and employs 80 people.
Total sales for GPack were around €70m in 2017, with approximately 50% stemming from the luxury business.
