GPA Global expands portfolio with acquisition of luxury packaging maker Cosfibel
US – Packaging firm GPA Global has completed the acquisition of Cosfibel Group, a French-based maker of luxury promotional packaging, luxury gifting and merchandising solutions.
Cosfibel works with premium and high-luxury brands like L’Oréal, Chanel, LVMH, Rémy Martin, La Durée and Damman along with a client list of more than seventy global brands.
The firm has global service centers in sixteen locations and works in verticals like beauty and personal care, wine and spirits, and fine foods.
Cosfibel blends environmental criteria for secondary packaging in the form of cases and boxes, high-end bags, and a variety of accessories with a variety of multi-materials for packaging, textiles, and eco-responsible products.
With the acquisition, GPA strengthens its position in luxury packaging on a worldwide scale and moves closer to its goal of expanding its nearshore and onshore manufacturing capabilities.
The acquisition also gives GPA a solid presence in Europe because of Cosfibel’s important manufacturing sites in Spain, Portugal, and Belgium.
In addition, the acquisition is expected to improve supply chains by increasing speed-to-market, de-risking the supply of materials and reducing carbon emissions.
GPA CEO Adam Melton said: “I’m excited to welcome the Cosfibel team to the GPA family. Cosfibel’s CEO, Marie Sermadiras, is a serial entrepreneur and she has joined GPA’s executive leadership to help further GPA’s expansion in Europe.
“Our global supply chain and manufacturing capabilities will enable us to better support Cosfibel’s customers and increase our prominence in the beauty and food sector while furthering our leadership in wine and spirits.”
Commenting on the deal, Chevassus, founder and chairman at Cosfibel, said: “GPA is a great match for Cosfibel. I strongly believe this alliance will create a bright future for both our clients and teams.”
According to Marie Sermadiras, GPA and Cosfibel’s complementary capabilities, creativity, and excellence in execution will enable the firm to grow even quicker, accelerate its diversification, and foster the transformation of the pack and gift industry.
Cosfibel is GPA’s second major acquisition since Ontario Teachers acquired a co-controlling stake in the company in September last year.
In December 2022, GPA acquired California-based Jenco Productions to establish a presence in Mexico and build upon its capabilities in the US.
For all the latest packaging and printing industry news from Africa and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel.
Be the first to leave a comment