Virospack, the Spanish cosmetics droppers specialist, has entered an agreement to sell 51% of its business to European investment group Investindustrial.
Founded in Barcelona in 1956, Virospack is the largest manufacturer of cosmetics droppers globally, with approximately €60m in global export sales of its products to more than 20 countries.
The acquisition will further the family-run company’s ongoing expansion efforts, including expanding its manufacturing area by more than 50% over the next three years, as well as boosting its sustainability programme with more circular design and production concepts to serve its customers.
“I am delighted to partner with Investindustrial who is investing in our business to create further opportunities for expansion and to provide the right level of support to help us achieve further growth,” said Vicens Rodriguez, Virospack’s Executive Chairman and the son of the company’s original founder.
“Investindustrial has an excellent reputation for its stewardship and its ability to help companies scale and internationalise, and I am excited about working with them.”
Investindustrial specialises in supporting mid-market companies with capital, industrial expertise and global platforms to enhance value and further international expansion.
“Virospack is unquestionably a market leader, renowned for the quality of its products and the strength of its relationships with its highly regarded global leading cosmetics clients,” added Andrea Bonomi, Chairman of the Industrial Advisory Board at Investindustrial.
The acquisition is subject to customary approvals.