PAI Partners Completes Acquisition of Albéa

PAI Partners, a pan-European private equity firm, has completed the acquisition of Albéa.

François Luscan, CEO of Albéa, commented: “This is the start of a new era for Albéa. With PAI, we are opening another exciting, challenging, transformative chapter in our history. Together, we are going forward and making Albéa an agile, reliable, creative, robust partner for all our customers’ brands.”

Albéa recently acquired Torelló, Spain-based Covit S.L, a leader in the drawing, anodizing, assembly and decoration of metal parts for packaging products. Covit holds extensive know-how in stamping, anodizing and color-matching as well as years of experience in dispensing systems.