Alcan Packaging Beauty announced the completion of its sale to an affiliate of Sun European Partners, LLP, the European adviser to Sun Capital Partners Inc. The transaction comprises the acquisition from Rio Tinto of the entire Alcan Packaging Beauty business, including both operating industrial sites and sale offices and the division head office in Gennevilliers, near Paris. “Sun’s objective in acquiring Alcan Packaging Beauty is to continue developing the company to position it as the best in the cosmetic packaging industry,” says Paul Daccus, Principal, Sun European Partners.
“We believe that our new ownership will offer Alcan Packaging Beauty an exciting future. Sun‘s support and resources and its experience in business development combined with Alcan Packaging Beauty’s assets will enable us to develop a strong platform of growth. It will also enable us to offer the best possible value to our customers,” says Francois Luscan, President, Alcan Packaging Beauty.