ACON Investments, a US-based private equity company, has recently announced the sale of its controlling stake in Amfora Packaging to Albéa Group, a sustainable cosmetic packaging company. The financial specifics of this transaction have not been disclosed to the public.
Amfora Packaging, formed in 2015 through the merger of Intecplast in Colombia and Pieriplast in Peru, specializes in providing beauty and personal care packaging products. Under ACON’s management, Amfora has seen significant growth, making it an attractive acquisition for Albéa Group as they look to expand their portfolio in the industry.
ACON partner Alberto Hernandez expressed pride in Amfora’s team for transforming and growing two family businesses into a successful company serving clients across Latin America, North America, and Europe. He believes that Amfora is well-positioned for further growth under Albéa’s ownership.
The sale of Amfora Packaging follows ACON’s exit from another investment earlier in the year. During this deal, advisory services were provided by Brigard Urrutia, Hogan Lovells, and Grant Thornton.
Albéa Group has been at the forefront of sustainable packaging solutions in the beauty industry. In collaboration with Clarins, they launched the EcoLittle Top, a new sustainable flip-top closure system aimed at addressing weight and recyclability challenges in the sector. Additionally, Albéa Tubes worked with French cosmetics brand L’Occitane to redesign packaging for their hand cream collection, incorporating environmentally friendly materials certified by the Association of Plastic Recyclers.
The original article “ACON to sell Amfora Packaging to Albéa Group” was first published by Packaging Gateway, a brand owned by GlobalData. For further details and updates on this topic, refer to the original source.
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