Posted by Blogger | Feb 3, 2015 | Europe |
Packaging manufacturer Albéa has opened a new US$7 million production site near Milan
The 18,400 square metre site located in the village of Bottanuco will employ 250 people and has the capacity to produce 160 million units per year
It has been fitted with production technologies such as injection-blow moulding
surface treatment and assembly lines and will become the group’s ‘European Centre of Excellence’ for mascara
The plant consolidates production from two former industrial sites in Verderio and Imbersago
which had been operating for nearly 35 years in the Milan area
To improve the site’s environmental efficiency
Albéa has incorporated a trigeneration heating and cooling system
which reduces greenhouse gas emissions and reuses heat for other energy needs
‘The creation of this European Mascara Centre of Excellence demonstrates our commitment to supporting our customers with their product launches
“This completely integrated site should not only improve our responsiveness and industrial efficiency but should also allow us to offer a wider range of high value-added services
It will also make it easier for our customers and teams to work together.”
The new site adds to Albéa’s portfolio of plants in Mexico
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French private equity firm PAI Partners is in exclusive talks to buy Albéa in a $1.5bn deal
This is the second time Albéa owners Sun European Partners are attempting to offload the successful packaging company after failing to get competitive bids more than a year ago
PAI Partners reportedly outbid other parties including RPC
Albéa is one of the world’s leading beauty and personal care packaging companies
providing a wide range of solutions for the make-up
The company’s product portfolio includes plastic and laminate tubes
It features 38 manufacturing sites in Europe
Albéa was acquired by an affiliate of Sun European Partners in 2010
and has invested in significant capital expenditure leading to profitability improvement by over 80% along with a 600 basis point lift in margins
The company has also grown strongly through numerous acquisitions including Betts
said: “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
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