US-based private equity company ACON Investments has signed an agreement for the sale of its controlling stake in Amfora Packaging to sustainable cosmetic packaging company Albéa Group.
The financial details of the transaction have not been made public.
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Amfora, established in 2015 through the merger of Colombia-based Intecplast and Peru-based Pieriplast, offers beauty and personal care packaging products.
Under ACON’s management, Amfora is said to have experienced growth, making it an attractive acquisition opportunity for Albéa, which aims to expand its portfolio in the sector.
ACON partner Alberto Hernandez said: “We are very proud of how Amfora’s team transformed and grew two independently managed, diverse family businesses into an institutionalised, export-oriented company serving top-tier clients across Latin America, North America and Europe.
“As a result, we believe the company is well-positioned for its next chapter of growth under Albéa’s stewardship.
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By GlobalData“Our investment in Amfora illustrates ACON’s strategy of successfully identifying and managing high-potential companies and supporting them through complex business cycles to unlock long-term value.”
Brigard Urrutia, Hogan Lovells, and Grant Thornton provided advisory services to ACON during this deal.
This sale follows ACON’s exit from another investment, Vitalis S.A.C.I., earlier in the year.
In 2024, Clarins, a French beauty product company, launched a new sustainable flip-top closure system, the EcoLittle Top, developed in collaboration with Albéa Tubes.
This solution, part of the EcoTop range, aims to tackle weight and recyclability challenges in the industry.
In 2023, French cosmetics brand L’Occitane collaborated with Albéa Tubes to redesign the packaging for its 30ml hand cream collection.
The updated packaging included an all-plastic laminate and a Greenleaf tube certified by the Association of Plastic Recyclers, featuring a multilayer sleeve made of high-density polyethylene.
