Greater than 4 years of talks had been vital earlier than finalizing the operation, which is now closed: Cosfibel is becoming a member of North America’s GPA to type a worldwide chief in secondary packaging for the premium and luxurious markets.
“We began our discussions even earlier than the pandemic,” says Adam Melton, co-founder and CEO of GPA International to Premium Magnificence Information. “Cosfibel and founder Alain Chevassus are famend for his or her work with premium and high-luxury manufacturers, and we needed to you should definitely absolutely perceive their imaginative and prescient for the corporate’s transition to the following step”.
Robust European foothold
Created in 2001 by Alain Chevassus, the Cosfibel group is among the main gamers in luxurious promotional packaging, luxurious gifting, and merchandising options. From L’Oréal to Chanel, LVMH to Remy Martin, and La Durée to Damman, Cosfibel has many prestigious shoppers and has established itself as one of many world’s most acclaimed suppliers.
Primarily based in France, with international service centres in 16 places, and dealing throughout verticals akin to magnificence and private care, wine and spirits, and fantastic meals, Cosfibel employs greater than 200 staffs and operates 4 manufacturing amenities in Spain, Portugal and Belgium. In 2022, the corporate achieved a turnover of round 100 million euros.
This newest acquisition, which comes hot-on-the-heels of the take-over of Jenco Productions in North America, sees GPA set up itself as a international chief in luxurious packaging. It additionally furthers their technique for nearshore and onshore manufacturing, creating a robust European foothold by Cosfibel’s key manufacturing and to the amenities beforehand acquired, specifically in Poland (ASG), and within the UK and Eire (Lucas Luxurious Packaging).
“Our imaginative and prescient is to be as shut as attainable to our prospects by regional packaging options. With this acquisition we are able to now produce in Europe for European prospects, in North America for People and in China for Asian prospects,” continues Adam Melton. “Our international provide chain and manufacturing capabilities will allow us to higher help Cosfibel’s prospects and will increase our prominence within the magnificence and meals sector, while rising our dominance in wine & spirits. When it comes to geography, the addition of France is an ideal piece of the puzzle that was lacking to our European footprint. The acquisition of Cosfibeladditionally helps to develop our inflexible packaging providing and to strengthen within the magnificence phase.”
This transfer is vital to GPA’s technique of serving to shoppers to scale back carbon emissions and shorten provide chains for speed-to-market, with higher use of capital, whereas on the similar time serving to to de-risk the provision of supplies.
Lowering the environmental footprint of packaging is, truly, the opposite key focus of the operation. The 2 entities intend to pool their respective experience on this subject, whether or not by way of design or supplies science.
“By becoming a member of GPA, Cosfibel will present its prospects an much more thorough international service. The 2 firms are very complementary, each geographically and by way of merchandise. The synergies will probably be unimaginable, throughout all verticals and segments,” highlights Marie Sermadiras, CEO of Cosfibel. “The complementarity of GPA and Cosfibel’s know-hows, creativity and excellence in execution ought to allow us to develop even faster, speed up our diversification and foster the transformation of the pack & present sector. I’m satisfied that we’re in the very best place to steer the consolidation of the posh and premium packaging trade within the subsequent years”
Properly-oiled integration course of
The combination of latest entities is a well-oiled course of for GPA, which has been constructed up by successive acquisitions since its creation by Tom Wang and Adam Melton in 2007.
The founding father of Cosfibel, Alain Chevassus, will help within the transition course of as Senior Advisor, whereas Marie Sermadiras, the present Managing Director, joins GPA’sgovernment committee.
“That is an historic second for GPA, we now have single-mindedly sought out the perfect expertise, irrespective of the place it was on this planet, to boost our GPA group and create a high-touch, consultative service mannequin for the companies we work with. Our ambition with every acquisition is to assist our new companions to develop with us. This can be a aim that we absolutely share with Ontario Academics, our monetary associate,” concludes Adam Melton.
GPA International is headquartered within the USA and employs greater than 3,000 individuals globally. The corporate is established on three continents in 38 websites.