Albea Completes Acquisition

Posted on January 2, 2013 @ 01:36 pm

Albea has announced it has completed the acquisition of Rexam Personal Care, Cosmetics division - and now operates 46 plants in 14 countries.

"This acquisition is consistent with Albea's strategy of building a strong, sustainable and profitable growth platform, offering packaging solutions to the cosmetics and personal care market," said Francois Luscan, president and CEO, Albea. "We believe this transaction will allow us to better serve our customers worldwide and further enhance our strong focus on product innovation."

Benjamin Buerstedde, vice president of Sun European Partners, which Albea is an affiliate of, added: "Through supporting Albea with this acquisition, we have created a global leader in the cosmetics packaging industry, further demonstrating our ability to source attractive investments and create value in the broader packaging sector."