L Catterton, the largest and most global consumer-focused private equity firm in the world, and Ambienta, the largest European private equity fund focused on sustainability, have joined forces to acquire Pibiplast, a leading player in the design and manufacturing of beauty and personal care plastic packaging solutions, with headquarters in Correggio, Italy.
WHO: Pibiplast, founded in 1954 as a manufacturer of plastic packaging for the pharmaceutical industry, was a first-mover in adopting environmentally friendly packaging solutions. The company has continued its specialization in the skincare and makeup sectors through strategic acquisitions and investments in state-of-the-art technologies.It offers a wide range of products and customized solutions to the cosmetics industry, from the most recognized global brands to emerging independent brands.
L Catterton is the largest and most global consumer-focused private equity firm in the world. Since 1989, the firm has made over 200 investments in leading consumer brands. L Catterton was formed through the partnership of Catterton, LVMH, and Groupe Arnault.
Ambienta is a leading European private equity fund operating out of Milan, Düsseldorf, and London, focused on industrial growth investing in companies driven by environmental trends. With funds under management of over €1 billion, the world’s largest capital pool for this strategy, Ambienta has completed 27 investments to date in the areas of resource efficiency and pollution control throughout Europe.
WHY: Together with L Catterton and Ambienta, Pibiplast plans to accelerate its sustainability roadmap through the development and promotion of innovative packaging solutions based on eco-friendly materials, addressing the increasing demand from customers to reduce environmental impact.
IN THEIR OWN WORDS: Andrea Ottaviano, Managing Partner of L Catterton Europe, commented: “Sustainability has increasingly become a driver for change in the cosmetics industry and we were drawn to Pibiplast as a leader in eco-friendly packaging solutions. We look forward to working with Ambienta to support the Company’s growth through strong investments in R&D and Capex. We also believe the highly fragmented market offers meaningful opportunities to look for add-on investments to broaden Pibiplast’s product offering and strengthen its international presence.”
Mauro Roversi, Chief Investment Officer at Ambienta, commented: “This is a tremendous opportunity for Ambienta to help Pibiplast capture the growing demand for more sustainable packaging and the exceptional prospects offered by the beauty and personal care sector. Our objective is to position Pibiplast as the undisputed leader in sustainable cosmetic packaging, and we are confident that we can achieve our goals by working together with L Catterton and Pibiplast’s strong management team.”
Giorgio Bosi, CEO of Pibiplast, added, “We are excited to work with our new partners to lead Pibiplast into a new phase of growth and development by expanding our portfolio of products and expanding internationally. Both L Catterton and Ambienta have exemplary track records of building leading brands and we look forward to working with them to realize Pibiplast’s strategic goals while staying true to our mission and core values.”
DETAILS:
