In March, an affiliate of Sun European Partners sold Albéa, a global manufacturer of packaging for beauty and personal care products. Albéa is one of the world’s leading packaging companies, providing a wide range of solutions for the make-up, fragrance, skincare, personal and oral care markets.
The company’s product portfolio includes plastic and laminate tubes, mascaras, lipsticks, lip glosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags & promotional items. Albéa has manufacturing sites in Europe, Americas and Asia, with global headquarters based in Paris.
An affiliate of Sun European Partners first acquired Albéa in 2010, and during our ownership period we worked with the management team to drive a strong improvement in performance, including an 80% profitability increase. Our focus on operational excellence helped the company grow, and allowed it to develop new customers and a range of products.
Many thanks to the Albéa management team for their efforts in turning the business into a leading global packaging company. We’re eager to see Albéa continue to grow under its new ownership.
Marc J. Leder leads Sun Capital Partners, Inc. as Co-Chief Executive. Under Marc’s leadership, the firm turns companies’ untapped potential by leveraging deep operational and financial resources to transformative results. More on Marc and Sun Capital Partners here.
