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 Alb\u00e9a Group.<\/p>\n
The financial details of the transaction have not been made public.<\/p>\n
Amfora, established in 2015 through the merger of Colombia-based Intecplast and Peru-based Pieriplast, offers beauty and personal care packaging products.<\/p>\n
Under ACON\u2019s management, Amfora is said to have experienced growth, making it an attractive acquisition opportunity for Alb\u00e9a, which aims to expand its portfolio in the sector. <\/p>\n
ACON partner Alberto Hernandez said: \u201cWe are very proud of how Amfora\u2019s 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.<\/p>\n
\u201cAs a result, we believe the company is well-positioned for its next chapter of growth under Alb\u00e9a\u2019s stewardship.<\/p>\n
\u201cOur investment in Amfora illustrates ACON\u2019s strategy of successfully identifying and managing high-potential companies and supporting them through complex business cycles to unlock long-term value.\u201d<\/p>\n
Brigard Urrutia, Hogan Lovells, and Grant Thornton provided advisory services to ACON during this deal.<\/p>\n
This sale follows ACON\u2019s exit from another investment, Vitalis S.A.C.I., earlier in the year.<\/p>\n
In 2024, Clarins, a French beauty product company, launched a new sustainable flip-top closure system<\/a>, the EcoLittle Top, developed in collaboration with Alb\u00e9a Tubes.<\/p>\n This solution, part of the EcoTop range, aims to tackle weight and recyclability challenges in the industry.<\/p>\n
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