Sun European Partners has started exclusive talks with PAI Partners to divest beauty and personal care (BPC) packaging firm Albéa.
The proposed deal is subject to customary regulatory approvals.
Albéa provides a range of packaging solutions for the make-up, fragrance, skincare, personal and oral care markets.
The company produces products such as plastic and laminate tubes, mascaras, lipsticks, lip glosses, compacts, plastic closures and shells, spray-caps, jars, lids, cosmetic accessories, bags and promotional items.
Albéa also serves markets such as pharmacy, foods and spirits, in addition to beauty and personal care markets.
The company produces different plastic tubes, including tubes with flip-top caps, tubes with screw caps, tubes with applicators and tubes with airless pump dispensers.
With global headquarters in Paris, Albéa operates 38 manufacturing facilities in Europe, Americas and Asia.
In 2010, Sun European Partners affiliate had acquired Albéa and expanded the operations of the company through adding multiple acquired businesses such as Betts, Eyelematic, Tex and Rexam’s PC business.
Sun European Partners managing director Jerome Nomme said: “We are pleased with the transformation of the company under Sun’s stewardship during a period which has seen an improvement in the financial performance of the company, its operational efficiency and the range of products it offers.”
Albéa CEO François Luscan said: “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, operating excellence, large range of products and services, global reach, technical know-how, social responsibility and passion.”