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Albéa, an affiliate of Sun European Partners LLP, announced it has completed the acquisition of Rexam Personal Care, Cosmetics division, a leading producer of dispensing systems and makeup packaging for the beauty.
The division operates 11 plants in Europe, the Americas and Asia, and this follows Rexam’s announcement on July 3, 2012 on the proposed sale of its Personal Care business.
With this new acquisition, Albéa moves to cement its global leadership in the beauty realm by expanding its packaging solutions to dispensing systems and reinforcing its offerings in tubes, cosmetic rigid packaging and beauty solutions. The acquisition 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 cosmetics and personal care market,” said François Luscan, president and CEO of 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 cosmetics 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, Cosmetics division, Albéa operates 46 plants in 14 countries and offers a range of packaging solutions for the makeup, skin/personal care, fragrance, and oral care markets.