Albéa, an affiliate of Sun European Partners LLP, today announces that it has completed the acquisition of Rexam Personal Care, Cosmetic division, a leading producer of dispensing systems and make up packaging for the Cosmetic and Personal Care markets. The division operates 11 plants in Europe, the Americas and Asia. This follows Rexam’s announcement on July 3, 2012 on the proposed sale of its Personal Care business.
With this new acquisition, Albéa confirms its global leadership in Cosmetic and Personal Care by expanding its packaging solutions to Dispensing Systems and reinforcing its offer in Tubes, Cosmetic Rigid Packaging, and Beauty Solutions. It also strengthens Albéa’s position in emerging markets to develop its wide product portfolio across multiple market segments.
“This acquisition is consistent with Albéa’s strategy of building a strong, sustainable and profitable growth platform offering packaging solutions to the Cosmetic and Personal Care market,” said François Luscan, President and CEO, Albéa. “We believe this transaction will allow us to better serve our customers worldwide and further enhance our strong focus on product innovation”.
“Through supporting Albéa with this acquisition we have created a global leader in the cosmetic packaging industry, demonstrating further our ability to source attractive investments and create value in the broader packaging sector,” said Benjamin Buerstedde, Vice President of Sun European Partners. “The transaction is another great example of our unique capabilities in completing complex corporate carve-outs.”
With the integration of Rexam Personal Care, Cosmetic division, Albéa operates 46 plants in 14 countries and offers a wide range of packaging solutions for the make-up, skin/personal care, fragrance, and oral care markets.
Albéa is a leading company in the packaging sector, offering a wide range of solutions for the cosmetic, perfume, skincare and oral care markets. With its headquarters in France, Albéa employs 10200 people and operates on 35 industrial sites in 13 countries throughout Europe, the Americas and Asia.
Thanks to its strong industrial know-how, Albéa offers its customers high added value products and services, a real passion for innovation, a global dimension and talented teams.
For more information, please visit our website: www.albea-group.com
Albéa is an affiliate of Sun European Partners LLP, the European advisor to Sun Capital Partners, Inc., a leading U.S.–based private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Affiliates of Sun Capital Partners, Inc. have invested in more than 305 companies worldwide since inception of Sun Capital Partners, Inc. in the U.S. in 1995, with combined sales in excess of €35 billion.
About Rexam Personal Care, Cosmetic division:
Rexam Personal Care, Cosmetic division is a leading global manufacturer of cosmetic and personal care packaging for customers located worldwide. The Division is among the market leaders in fragrance pumps, lotion pumps and cosmetic closures, and is the industry leader in spray samplers and one-touch, mechanical foam dispensers. We also lead the world in lipstick packaging. Rexam Personal Care, Cosmetic division employs 6500 people and operates 11 manufacturing facilities across Europe, the Americas and Asia.