Livingstone’s Industrial team has advised the Spanish international cosmetics packaging group, Quadpack Industries SA, on its merger with UK packaging provider Collcap Group Ltd. By merging Collcap into the group, Quadpack Industries becomes a market leader in Europe for the manufacture and supply of packaging solutions to the beauty industry. This transaction increases Quadpack’s workforce to 271 people, with projected proforma sales of €72.5m in 2016.
Headquartered in Barcelona, Quadpack is a specialist manufacturer and developer of standard and bespoke packaging solutions for the beauty industry. The company’s products are used for the packaging of skin care, make-up and fragrance products.
Founded in 2003, the company has grown into a global independent packaging group. In addition to strong organic growth, the company has boosted its industrial capacity through acquisitions and collaborations with first class manufacturers worldwide.
Collcap Packaging, founded 1993 and headquartered in Leek (Staffordshire), delivers innovative packaging solutions for the beauty, fragrance and personnal care industries, with extensive expertise in glass and plastic tubes. Collcap has a talented team and a robust sourcing operation in Asia.
For Quadpack, this transaction represents another step forward in the company’s strategic growth plan that began in early 2016 with the acquisition of injection moulding company business, Rinaplast, now Quadpack Plastics.
Marc Sahonet, Board Member at Quadpack, said: “The contribution of Livingstone was a key factor in getting this deal done and bringing the two parties together. Livingstone´s experience in working on cross-border transactions was especially useful in reaching an agreement to merge the two companies.”
Steven Lewis, Partner at Livingstone, commented: “The merger of Quadpack and Collcap made sense from the beginning from both a geographical and product standpoint. We at Livingstone were pleased we were able to provide a structure for the transaction that made sense for both sides and which puts a solid basis in place for the companies to work together in the future.”
Barry Sheehan, Associate Director at Livingstone, added: “The Collcap / Quadpack merger is yet another clear sign that, despite the uncertainty caused by Brexit, the UK remains an attractive market for international packaging providers looking to expand their geographical footprint.”