LONDON, UK Sun European Partners, LLP (“Sun European Partners”), the European adviser to Sun Capital Partners, Inc. (“Sun Capital”), announces that it has completed its acquisition of Alcan Packaging Beauty from Rio Tinto.
Alcan Packaging Beauty, based in France, is a world leading supplier of plastic packaging to the Beauty industry, with 26 plants in 12 countries employing around 8,000 people.
Paul Daccus, Principal said: “This is an excellent business with a very strong brand and a fantastic global customer base. Packaging is an area that Sun understands well and we look forward to working with the management and employees to build an exceptionally successful business.”
About Sun European Partners, LLP
Sun European Partners, LLP, is the European adviser to Sun Capital Partners, Inc., a leading U.S.–based investment firm focused on investments in market–leading companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 215 companies worldwide since Sun Capital’s inception in 1995, with combined sales in excess of £19 billion (US $37 billion).