Quadpack enters European top 10 with Louvrette acquisition
Barcelona-based Quadpack's recent acquisition of German industrial cosmetics packaging firm Louvrette has pushed the company into the top ten cosmetic packaging providers in Europe. The recent transaction boosted Quadpack's injection moulding capacity and strengthened its presence in Germany, one of the continent's top five beauty markets.
Tim Eaves, Quadpack CEO and Co-Founder said: “Our strengths go hand in hand. Louvrette brings mould making, engineering and manufacturing expertise. We bring market-leading creative design together with a global infrastructure in sales, marketing, sourcing and logistics. It’s the convergence of ‘German engineering excellence’ with ‘creativity born in Barcelona’.”
The deal also allows Quadpack to obtain a better balance as a hybrid manufacturing and sourcing company. “Following the acquisition, 33% of our products are now made in-house and in Europe, compared to 15% before,” Eaves added.
Already an established company in skincare packaging, Louvrette specialises in thick-walled injection moulding. “Louvrette was ready for expansion and Quadpack is perfectly positioned to take its operations to the next level,” said Louvrette General Manager and Owner Fabian Erlhoefer.
“Quadpack’s global presence and infrastructure will push Louvrette’s products onto the world stage, while its design acumen enhances our manufacturing know-how. Together, we can meet the needs of any cosmetics brand, as we complement each other perfectly in business and culture,” he continued.
The acquisition follows a recently signed agreement with German technology company Inotech. Quadpack will now benefit from the combination of Louvrette’s manufacturing experience and Inotech’s process knowledge and pioneering bi-injection moulding technology.
“In the future will have the possibility to move Inotech’s beauty packaging production to Louvrette’s 8,500 m² manufacturing facilities where we have enough space to increase the production area,” explained Tim Eaves.
Following the acquisition, Quadpack’s revenues are expected to reach around €130-million in 2019, from €105-million euros in 2018. The priority is to work on the integration of the newly acquired business, and Quadpack intends to continue its development strategy with a special focus on North America and Asia.
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