Livingstone’s Industrial sector team has advised Quadpack Industries, a Spanish leader in the production of packaging for the beauty industry, in the acquisition of Louvrette GmbH, a German company focused on the development and production of packaging solutions for the beauty industry. The terms of the transaction are undisclosed.
Founded in 2003 in Barcelona (Spain), Quadpack is an international manufacturer and supplier of advanced packaging solutions, with offices in Europe, the US and the Asia-Pacific region as well as a strategic infrastructure network of manufacturing partners. Quadpack develops and manufactures customised standard packaging, as well as customised/bespoke packs, for prestigious market customers, and the beauty market in general, with specialist divisions dedicated to the skin care, make-up and fragrance sectors.
Headquartered in Kierspe, in the German region of Nord Rhein Westphalia, Louvrette is a consolidated family owned company focused, for over five decades, on developing and producing high quality plastic packaging for the cosmetic and beauty industry. The company has evolved into a European leader in design-oriented plastic packaging for facial and body care products. Its 8,500m2 manufacturing facilities will strengthen Quadpack’s production capacity in Spain and will position the Group among the top 10 cosmetic packaging providers in Europe.
This recent acquisitive growth activity is part of Quadpack’s development strategy, which has seen the company duplicate its revenues in the last four years. In 2018, the company’s sales reached €104.7m, representing an increase of 15.4% compared with 2017, and a volume of intra-Community exports of €83m (€72m in 2017). The company’s turnover in 2019 is expected to be up to €120m, that is a 14% increase, exports contributing in €94m.
Commenting on the transaction outcome that it will increase both commercial presence and production capacity of Quadpack in Germany, Marc Sahonet, Board member of Quadpack said: “The Livingstone teams in Spain and Germany have delivered highly coordinated advice and the support we needed to close this transaction. We are very grateful for the dedication and efforts that both teams gave us, seamlessly coordinating all legal and tax aspects, to ensure a successful completion in an established time frame.”
Steven Lewis, Partner of Livingstone Spain, commented: “We are delighted to have participated in Quadpack´s continuing international expansion. As the target company was based in Germany, we relied heavily on the help of our office in Düsseldorf and I believe the client received the level of service they were looking for.” He added: “The successful completion of this cross-border deal is another example of Livingstone’s great potential and the ability of its international team to work closely and achieve our clients’ goals.”
Ralph Hagelgans, Partner of Livingstone Düsseldorf, said: “The transaction has a high strategic logic adding Louvrette‘s sophisticated design and manufacturing capabilities to Quadpack‘s portfolio. It was a pleasure to contribute as part of our integrated team to another transaction in Cosmetic packaging.”
This is the third transaction in which Livingstone has acted as exclusive financial advisor to Quadpack, following the merger of the group in 2016 with the UK provider of innovative packaging solutions for the beauty sector, Collcap Group Ltd; and the acquisition, in 2017, of a leading packaging provider for the beauty, personal care and fragrance industries in the United States.