Barcelona-headquartered beauty packaging manufacturer Quadpack has acquired German cosmetics packaging company Louvrette, propelling the business among the top-ten cosmetics packaging suppliers and one of the leading jar manufacturers in Europe. The transaction greatly increases Quadpack’s injection-moulding capacity and strengthens the company’s penetration in Germany, one of the five biggest European markets, with a stronger commercial presence besides production capabilities.
“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’,” said Tim Eaves, Quadpack CEO and Co-Founder.
The deal also enables Quadpack to obtain a better balance as a hybrid manufacturing and sourcing company. “We’ve been building our own manufacturing capability for a moment now. Following the acquisition, 33% of our products are now made in-house and in Europe, compared to 15% before,” Tim Eaves told Premium Beauty News.
Louvrette specialises in thick-walled injection moulding and is an established company in the skincare packaging market. “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.”
The acquisition follows on the heels of the 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 8,500m2 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 euros in 2019, from 105 million euros in 2018. While the priority is to work on the integration of the newly acquired business, Quadpack intends to continue its development strategy with a special focus on North America and Asia. To finance this strategy, Quadpack is preparing to enter Euronext Growth equity market in mid-October.
