07.06.10
Alcan Packaging Beauty has announced the completion of its sale to an affiliate of Sun European Partners, LLP, the European adviser to Sun Capital Partners, Inc.
The transaction comprises the acquisition from Rio Tinto of the entire Alcan Packaging Beauty business, including both operating industrial sites and sales offices and the division head office in Gennevilliers, near Paris.
“Sun’s objective in acquiring Alcan Packaging Beauty is to continue developing the company to position it as the best in the cosmetic packaging industry,” says Paul Daccus, principal, Sun European Partners.
“We believe that our new ownership will offer Alcan Packaging Beauty an exciting future” comments,Francois Luscan, president of Alcan Packaging Beauty. “Sun‘s support with time and resources, and its experience in business development combined with Alcan Packaging Beauty’s assets will enable us to develop a strong platform of growth and always offer the best possible value to our customers,” he adds.
Alcan Packaging Beauty achieved $748 million in sales in 2009. The company employs 8,200 globally and has 26 manufacturing sites in Europe, Asia and the Americas.
The transaction comprises the acquisition from Rio Tinto of the entire Alcan Packaging Beauty business, including both operating industrial sites and sales offices and the division head office in Gennevilliers, near Paris.
“Sun’s objective in acquiring Alcan Packaging Beauty is to continue developing the company to position it as the best in the cosmetic packaging industry,” says Paul Daccus, principal, Sun European Partners.
“We believe that our new ownership will offer Alcan Packaging Beauty an exciting future” comments,Francois Luscan, president of Alcan Packaging Beauty. “Sun‘s support with time and resources, and its experience in business development combined with Alcan Packaging Beauty’s assets will enable us to develop a strong platform of growth and always offer the best possible value to our customers,” he adds.
Alcan Packaging Beauty achieved $748 million in sales in 2009. The company employs 8,200 globally and has 26 manufacturing sites in Europe, Asia and the Americas.