GPA Global has announced the acquisition of Cosfibel Group, a leading player in the fields of luxury promotional packaging, luxury gifts and merchandising solutions..
Cosfibel and its founder, Alain Chevassus, are renowned for their commitment to high-end brands. From L'Oréal to Chanel, via LVMH, Rémy Martin, La Durée and Damman, Cosfibel has become one of the world's most renowned suppliers of luxury packaging and merchandising products. Headquartered in France, with global service centers in 16 locations, and working in sectors such as personal and beauty care, wines and spirits, as well as delicatessen, Cosfibel boasts an impressive customer list comprising over 70 global brands.
This latest acquisition will enable GPA to establish itself as a world leader in luxury packaging, and to pursue its objective of increasing production capacity in North America and abroad. It will also strengthen GPA's European presence through Cosfibel's main production sites in Spain, Portugal and Belgium. This growth is essential to GPA's strategy of helping its customers shorten their supply chains in order to accelerate time-to-market, reduce material sourcing risks and cut carbon emissions.
Adam Melton, CEO of GPA, said: " I'm delighted to welcome the Cosfibel team to the GPA family. Marie Sermadiras, Cosfibel's Managing Director, is a serial entrepreneur who has joined GPA's management team to help the company continue its expansion in Europe. Our global supply chain and production capabilities will enable us to better support Cosfibel's customers and increase our visibility in the beauty and food sectors, while strengthening our leadership in wines and spirits. Cosfibel has a talented global team, and its founder, Alain Chevassus, will work with us as a senior advisor. "
Alain Chevassus, founder and president of Cosfibel, added: " GPA and Cosfibel will be a winning combination. I firmly believe that this alliance will shape a promising future for both our customers and our teams. "
Marie Sermadiras, Managing Director of Cosfibel, said: " I am delighted with our association with GPA. This alliance represents explicit recognition of the fantastic work our teams have done to successfully grow and transform our business, in a sustainable way, despite the challenges posed by the global pandemic. The complementary capabilities, creativity and commitment to excellence of GPA and Cosfibel will enable us to grow even faster, accelerate our diversification and drive the transformation of the packaging and gift sector. "
The acquisition of Cosfibel is GPA's second major acquisition with Ontario Teachers' Pension Plan Board ("Teachers'") as shareholder. It follows the recent acquisition of California-based Jenco Productions, which helped establish GPA's presence in Mexico and expand its U.S. capabilities. Teachers' acquired a jointly-controlled interest in GPA in September 2022.
Raju Ruparelia, Senior Director, Private Capital, Asia Pacific at Teachers', said: " We are impressed by Cosfibel's superior design capabilities and strong reputation in its core markets and industries. This association with GPA will contribute to the development of Cosfibel's well-established European customer network as part of GPA's strong global platform. Teachers' is delighted to see GPA pursue its growth strategy by acquiring high-quality assets and joining forces with strong management teams. "
