Albéa Group's Amfora Packaging Acquisition Boosts Regional Sourcing in Latin America

“Albéa is taking a proactive step to strengthen its global footprint and complement its existing operations in the U.S. and Mexico”, said Francois Tassart, CEO, Albéa Group.AlbeaAlbéa Group is set to acquire Amfora Packaging. Based in Bogotá, Colombia, Amfora also operates in Peru and specializes in plastic packaging for fragrance, cosmetics, personal care and pharma products.

This acquisition will strengthen Albéa’s presence in Latin America, one of the fastest-growing markets for beauty and personal care, per the company. 

Amfora Packaging was founded in 2015 by ACON, combining two companies: Intecplast in Colombia and Pieriplast in Peru. With this move, Albéa aims to expand its offerings in color cosmetics, skin care, personal care and fragrance.

Bertrand de la Tour d’Artaise, senior vice president strategy and M&A, Albéa Group commented, “This acquisition is a strong milestone in our ambition to lead the beauty packaging industry across all key geographies."Albea“Albéa is taking a proactive step to strengthen its global footprint and complement its existing operations in the U.S. and Mexico”, said Francois Tassart, CEO, Albéa Group. “With its strong customer intimacy, Amfora Packaging will give Albéa direct access to key players in the beauty and personal industry, it will help us continue serving at best our international customers, and meet the growing demand for local sourcing.”

Bertrand de la Tour d’Artaise, senior vice president strategy and M&A, Albéa Group commented, “This acquisition is a strong milestone in our ambition to lead the beauty packaging industry across all key geographies. We couldn’t have found a better partner: our two companies share the same passion for customers, a commitment to innovation, and a common DNA rooted in culture, business vision, and social responsibility.”