Sold! Albéa Changes Hands

Sun European Partners, LLP, a large private investment advisory firm, has announced the first big beauty industry deal of the new year. One of its affiliates has entered into exclusive negotiations to sell packaging supplier Albéa to Funds advised by PAI Partners. The proposed transaction is subject to customary regulatory approvals.

Albéa’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. The manufacturer holds 38 sites in Europe, Americas and Asia, with global headquarters in Paris.

Albéa was acquired by an affiliate of Sun European Partners in 2010.