GPA Global  today announced the acquisition of Cosfibel Group, a leading player in luxury promotional packaging solutions, luxury gifts and merchandising solutions.

Cosfibel and its founder Alain Chevassus are renowned for their work with luxury and high-end brands. From L'Oreal to Chanel, from LVMH to Rémy Martin, and from La Dur é e to Damman, Cosfibel has established itself as one of the most renowned suppliers of luxury packaging and merchandising in the world. Based in France , with international service centers in 16 locations, and working in verticals such as beauty and personal care, wines and spirits, and fine foods, Cosfibel can boast an impressive list of more than 70 international brands.

This latest acquisition allows GPA to establish itself as a world leader in luxury packaging and to pursue its objective: to develop its production capacities locally and locally. It enables GPA to firmly establish itself in Europe thanks to Cosfibel's key production sites in Spain, Portugal and Belgium. This increased presence is key to GPA's strategy of helping customers shorten supply chains to speed time to market, reduce material sourcing risk and reduce carbon emissions. carbon.

Adam Melton , CEO of GPA, said: “I am delighted to welcome the Cosfibel team to the GPA family. The CEO of Cosfibel, Marie Sermadiras, is a serial entrepreneur and she joined the management of GPA to contribute to the expansion of GPA in Europe . Our international supply chain and manufacturing capabilities will allow us to better support Cosfibel's customers and increase our importance in the beauty and food sector, while strengthening our leadership in the wine and spirits space. . Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role. »

Alain Chevassus , founder and chairman of Cosfibel, added: “GPA is an ideal partner for Cosfibel. I firmly believe that this alliance will create a bright future for our customers and our teams. »

Marie Sermadiras, CEO of Cosfibel, explained: “I am delighted to join forces with GPA. This alliance is a clear recognition of the fantastic work our teams have done to grow and transform our business successfully and sustainably despite the challenges posed by a global pandemic. The complementary capabilities, creativity and executional excellence of GPA and Cosfibel will enable us to grow even faster, accelerate our diversification and drive the transformation of the packaging and giftware industry. »

The acquisition of Cosfibel is GPA's second major acquisition with the Ontario Teachers' Pension Plan (OTPP) Board as a shareholder, building on the recent acquisition of California-based Jenco Productions, which established a presence for GPA in Mexico and deepened its capabilities in the United States. Teachers' acquired a co-controlling interest in GPA in September 2022.

Raju Ruparelia , Senior Managing Director, Private Capital, Asia Pacific, at Teachers', said, “We are impressed with 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. Teachers' is excited to see GPA continue to execute on its growth strategy by acquiring high quality assets and partnering with strong management teams.

 

Source:prnewswire.com

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