American packaging manufacturer GPA Global acquired Cosfibel Group, a French maker of luxury promotional packaging, luxury gifting, and merchandising solutions.
WHO: Founded by Alain Chevassus in 2001, Cosfibel has established itself as one of the world's most acclaimed luxury packaging and merchandising providers. Based in France, with global service centers in 16 locations and working across verticals such as beauty and personal care, wine and spirits, and fine foods, Cosfibel boasts an impressive client list of over 70 global brands.
Co-founded by Tom Wang and Adam Melton in 2007, GPA Global delivers seamless packaging solutions without limits. The company is headquartered in North America and employs 3,000+ people globally across three continents with 38 strategically positioned sites.
WHY: This latest acquisition sees GPA further establish itself as a global leader in luxury packaging and advances GPA's goal of growing nearshore and onshore manufacturing capabilities. It creates a strong European foothold for GPA through Cosfibel's key manufacturing facilities in Spain, Portugal and Belgium. This growth in presence is key to GPA's strategy of helping clients shorten supply chains to increase speed-to-market, de-risk the supply of materials, and reduce carbon emissions.
IN THEIR OWN WORDS: Adam Melton, CEO of GPA, 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 increases our prominence in the beauty and food sector, while furthering our leadership in wine and spirits. Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role."
Alain Chevassus, Cosfibel's founder and Chairman, added: "GPA is a great match for Cosfibel. I strongly believe this alliance will create a bright future for both our clients and teams."
Marie Sermadiras, Cosfibel's CEO, explained: "I am delighted to join forces with GPA. This alliance is a clear recognition of the fantastic work our teams have put in to grow and transform our business in a successful and sustainable way despite the challenges posed by a global pandemic. GPA and Cosfibel's complementary capabilities, creativity, and excellence in execution will enable us to grow even quicker, accelerate our diversification, and foster the transformation of the pack and gift industry."
Raju Ruparelia, Senior Managing Director, Private Capital, Asia-Pacific at Ontario Teachers' Pension Plan, said: "We are impressed by Cosfibel's superior design capabilities and strong reputation in its core markets and industry segments. The combination with GPA will further develop Cosfibel's well-established European customer network as part of GPA's strong global platform. Ontario Teachers' is excited to see GPA continue to execute on its growth strategy by acquiring high-quality assets and partnering with strong management teams."
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