A fund managed by ACON Investments has agreed to the sale of its controlling interest in Amfora Packaging to Albéa Group.WHO: Formed by ACON in 2015 through the simultaneous acquisition and merger of two family-owned businesses, Bogotá-based Intecplast and Lima-based Pieriplast, Amfora is an innovative packaging company focused on the beauty and personal care segment.ACON Investments is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States, Latin America, and Europe. With professionals in Washington, DC, Dallas, Los Angeles, New York, Bogotá, Madrid, Mexico City, and São Paulo, ACON has managed $7.2 billion in assets since inception and has a 29-year track record.Headquartered in Gennevilliers, Albéa Group has been one of the largest beauty and personal care packaging suppliers for more then 50 years. A team of 12,500 people serve large and small brands in 14 countries and operate 34 facilities in Europe, Asia, and the Americas. WHY: Under ACON's ownership, the combined platform experienced significant growth, making it an attractive opportunity for Albéa to expand its offering in color cosmetics, skincare, personal care, and fragrance.IN THEIR OWN WORDS: "We are very proud of how Amfora's team transformed and grew two independently managed, diverse family businesses into an institutionalized, export-oriented company serving top-tier clients across Latin America, North America and Europe.