03.01.18
Sun European Partners, LLP has entered into exclusive negotiations to sell packaging company Albéa to PAI Partners (PAI). The proposed transaction is subject to customary regulatory approvals.
Albéa provides a wide range of solutions for the makeup, fragrance, skin care, personal care and oral care markets. The company’s product portfolio includes plastic and laminate tubes, mascaras, lipsticks, lipglosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags and promotional items. Albéa has 38 manufacturing sites in Europe, the Americas and Asia, with global headquarters in Paris.
Albéa was acquired by an affiliate of Sun European Partners in 2010. Since then, there has been a step change in performance, with significant capital expenditure leading to profitability improvement by more than 80% along with a 600-basis point lift in margins, according to Sun. This was achieved through business growth with customers as well as continuous improvement, procurement and other operating initiatives. Operational excellence has seen the company grow strongly and has been supplemented by the successful completion and integration of numerous acquisitions including Betts, Eyelematic, Tex and Rexam’s PC business, transforming Albéa into a world-leading packaging company.
“We are excited for this new chapter in Albéa’s 60-year history. Sun has been an outstanding shareholder for the past seven years, continuously supporting our business development. We are looking forward to working with our new shareholder as we consolidate our position as the leading provider of solutions to the world’s most prestigious and most dynamic brands, building from our unique combination of customer-focus, operating excellence, large range of products and services, global reach, technical know-how, social responsibility and passion,” said François Luscan, CEO of Albéa.
More info: www.albea-group.com
Albéa provides a wide range of solutions for the makeup, fragrance, skin care, personal care and oral care markets. The company’s product portfolio includes plastic and laminate tubes, mascaras, lipsticks, lipglosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags and promotional items. Albéa has 38 manufacturing sites in Europe, the Americas and Asia, with global headquarters in Paris.
Albéa was acquired by an affiliate of Sun European Partners in 2010. Since then, there has been a step change in performance, with significant capital expenditure leading to profitability improvement by more than 80% along with a 600-basis point lift in margins, according to Sun. This was achieved through business growth with customers as well as continuous improvement, procurement and other operating initiatives. Operational excellence has seen the company grow strongly and has been supplemented by the successful completion and integration of numerous acquisitions including Betts, Eyelematic, Tex and Rexam’s PC business, transforming Albéa into a world-leading packaging company.
“We are excited for this new chapter in Albéa’s 60-year history. Sun has been an outstanding shareholder for the past seven years, continuously supporting our business development. We are looking forward to working with our new shareholder as we consolidate our position as the leading provider of solutions to the world’s most prestigious and most dynamic brands, building from our unique combination of customer-focus, operating excellence, large range of products and services, global reach, technical know-how, social responsibility and passion,” said François Luscan, CEO of Albéa.
More info: www.albea-group.com
