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Albéa Acquires Chinese Cosmetic Packaging Company
Posted: April 20, 2012
Albéa announced it has acquired Zhongshan Meiquan Plastic Products Co Ltd, a company belonging to the Tex R.L. group. Better known under the name Tex China, the company manufactures packaging for the cosmetics industry. Located in Guangdong Province in China, Tex China has 700 employees and three factories specializing in the production of mascara, lip gloss, lipstick, pots and cases, and other cosmetic packaging.
With five production sites throughout China and a sales office in Shanghai, Albéa is significantly strengthening its presence in the Chinese market. The group is once again showing its determination to build a global growth platform supported by its shareholder Sun Capital and has chosen to position itself as a key supplier in Asia.
"The acquisition of Tex China and its attractive portfolio of standard solutions have allowed Albéa to consolidate its global product offer. We also have a local innovation and development team, a necessary tool if we want to penetrate the fast-growing Chinese market," commented François Luscan, president and CEO of Albéa.
With this purchase, Albéa now has 10,200 employees and 36 sites across 13 countries.