The acquisition creates a strong European foothold for GPA through Cosfibel's key manufacturing facilities in Spain, Portugal and Belgium.
Cosfibel is based in France and has global service centers in 16 locations.
The company works in beauty and personal care, wine and spirits and fine foods, with a client list of more than 70 global brands.
Adam Melton, CEO of GPA, said, "I'm excited to welcome the Cosfibel team to the GPA family. Cosfibel's CEO, Marie Sermadiras, is a serial entrepreneur and she has joined GPA's executive leadership to help further GPA's expansion in Europe. Our global supply chain and manufacturing capabilities will enable us to better support Cosfibel's customers and increases our prominence in the beauty and food sector, while furthering our leadership in wine and spirits. Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role."
Alain Chevassus, Cosfibel's founder and chairman, added, "GPA is a great match for Cosfibel. I strongly believe this alliance will create a bright future for both our clients and teams."
Sermadiras said, "I am delighted to join forces with GPA. This alliance is a clear recognition of the fantastic work our teams have put in to grow and transform our business in a successful and sustainable way despite the challenges posed by a global pandemic. GPA and Cosfibel's complementary capabilities, creativity, and excellence in execution will enable us to grow even quicker, accelerate our diversification, and foster the transformation of the pack and gift industry."