Aptar recently announced to the world market the acquisition, on May 1, of Reboul, belonging to the French group Vacheron Industries SAS for 14 million euros (about $ 17 million).
The purchase of the French giant Reboul also adds complementary capabilities to Aptar, including metal component design, high-speed metal stamping, differentiated design and manufacturing of lipstick mechanism.
The acquisition is strategic, strengthens Aptar’s participation in the markets for fragrances and skin products and expands the presence of the multinational in the packaging segment for makeup.
nder the terms of the purchase agreement, the transaction excludes the value of the net debt assumed on the closing date of the acquisition. The contract also provides for a earn-out provision based on financial results for 2018, which could increase the company’s value to a maximum of 23 million euros (approximately $ 28 million). The acquisition is being funded in cash.
“We are excited to announce this strategic acquisition, which positions us better to participate even more in the attractive growth of the colorful cosmetics packaging market. This opportunity follows our disciplined approach to acquiring leading and recognized players with innovative technologies and know-how, where we can leverage the breadth of our business and manufacturing networks, “said Stephan Tanda, President and CEO of Aptar. “The combination of Aptar’s scale and Reboul’s differentiated features is attractive and will allow us to further expand our differentiated solutions to customers around the world,” added Stephan Tanda.
Since 1921, Reboul, located near Aptar’s premises in Annecy, France, has created packaging for some of the world’s most prestigious cosmetics brands. In 2017, he became part of Entreprise du Patrimoine Vivant (EPV), an acknowledgment of the French government that rewards national companies for industrial know-how and excellence in their areas of expertise.
Aptar is headquartered in Crystal Lake, Illinois, with industrial plants throughout Europe, Asia and North and South America, totaling 47 industrial units in 17 countries. In Brazil, the multinational has units in the municipalities of Cajamar and Jundiaí, in São Paulo, and in Maringá, Paraná.