Quadpack, manufacturer and distributor of packaging for beauty products, has made its debut on Euronext Growth on the Paris stock exchange. Following Euronext's approval of its listing last October, the IPO price per share was set at €32.8, for a market capitalization of €138 million. These new resources will help finance the company's double-digit growth, averaging 20% over the past five years.
Quadpack was first listed on Euronext Access (then Marché Libre) on April 21, 2016 at €8.43 per share. Today, their value has quadrupled. It has to be said that, in the meantime, Quadpack has more than doubled its business volume, from €55 million at the end of 2015 to €130 million in fiscal 2019.
Quadpack's development strategy combines organic and external growth. Since 2013, a number of companies have been acquired, enabling it to open up new market prospects and diversify its offering. The most recent acquisitions concern the German packaging manufacturer Louvrette and the exclusive marketing rights to the bi-injection blow-molding technology developed by the German technology company Inotech. These two operations reinforce Quadpack's leading position in terms of manufacturing and innovation in the cosmetics packaging sector. The agreement with Inotech also provides for the takeover of Quadpack's cosmetics business and the creation of a research and development partnership to further develop the acquired technology.
Quadpack CEO and co-founder Tim Eaves commented: "Our growth is the result of successful organic and external development, based on sustainability. Euronext's stock market model will enable us to learn, and raise finance, progressively in an increasingly regulated environment. Our listing on Euronext Growth will enable us to explore new opportunities and pursue our development, always with respect for people, planet and profits.
With a public listing as a potential next step in its evolution, Quadpack will pursue its growth strategy, which has already earned it a position among the top 10 suppliers of beauty packaging in Europe.
