Home Fairfield L Catterton in acquisition deal of Italian plastic packaging manufacturer

L Catterton in acquisition deal of Italian plastic packaging manufacturer

SHARE

The Greenwich-based private equity firm L Catterton has teamed up with the Italian private equity fund Ambienta to acquire Pibiplast, an Italian manufacturer of plastic packaging for beauty and personal care products.

Founded in 1954, Pibiplast operates four plants based in Northern Italy, serving more than 500 customers across 35 countries. During the 1990s, the company took a leadership role in its industry by transitioning away from non-recyclable plastics to environmentally friendly, recyclable plastics.

The Bosi family, the founder and current owner of Pibiplast, will retain a minority stake in the company. The terms of the transaction were not disclosed.

“Sustainability has increasingly become a driver for change in the cosmetics industry, and we were drawn to Pibiplast as a leader in eco-friendly packaging solutions,” said Andrea Ottaviano, managing partner of L Catterton Europe. “We look forward to working with Ambienta to support the company’s growth through strong investments in R&D and capex. We also believe the highly fragmented market offers meaningful opportunities to look for add-on investments to broaden Pibiplast‘s product offering and strengthen its international presence.”

Print Friendly, PDF & Email
Previous articleStemerman files petitions to gain access to GOP primary
Next articleStamford firm Rizing acquires Chicago SAP company
Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

LEAVE A REPLY

Please enter your comment!
Please enter your name here