TAPI has reached an agreement to acquire an 80% stake in T&G, with the aim of improving its position in the niche market of beverage closures while expanding business in the central European countries.

Based in Italy, the acquirer is a synthetic closures manufacturer for the food and cosmetics industries, whereas Germany-based T&G designs, produces and distributes closures for the beverage market.

T&G founder and managing director Mario Conoscenti will retain the remaining 20% stake.

“The acquisition is expected to help Axilone continue its geographic and product expansion.”

CITIC Capital China Partners III has completed the acquisition of Axilone, a cosmetics packaging provider based in France, from Oaktree Capital Management.

Based in China, CITIC is a private equity firm, whereas Axilone provides plastic and metal packaging solutions and has subsidiaries in Spain, the US and China.

Axilone’s products include caps, jars, and galvanised and metallised packaging for the make-up, fragrance and skincare markets.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The acquisition is expected to help Axilone continue its geographic and product expansion.