The acquisition of German industrial cosmetics company Louvrette places Quadpack among the highest 10 cosmetic packaging suppliers in Europe. The dealing will increase Quadpack’s injection-molding capability and beefs up its presence in Germany, one in every of the 5 biggest European beauty markets. To finance additional growth, Quadpack plans to hitch Euronext Growth equity market in mid-October.
Barcelona-headquartered beauty packaging manufacturer Quadpack has acquired German cosmetics company Louvrette, dynamical the business among the top-ten cosmetics packaging suppliers and one in every of the leading jar makers in Europe. The dealing greatly will increase Quadpack’s injection-molding capability and strengthens the company’s penetration in Germany, one in every of the 5 biggest European markets, with a stronger business presence besides production capabilities.
Our strengths go hand in hand. Louvrette brings mold creating, engineering and producing experience. we tend to bring market-leading artistic style in conjunction with a world infrastructure in sales, marketing, sourcing, and supply. It’s the convergence of ‘German engineering excellence’ with ‘creativity born in Barcelona’,” aforementioned Tim, Quadpack business executive, and Co-Founder.
Louvrette specializes in thick-walled injection molding and is a longtime company within the skincare packaging market. “Louvrette was prepared for growth and Quadpack is utterly positioned to require its operations to future level. Quadpack’s world presence and infrastructure can push Louvrette’s product onto the planet stage, whereas its style acumen enhances our producing ability. Together, we can meet the requirements of any cosmetics complete, as we tend to complement one another utterly in business and culture.
The acquisition follows on the heels of the recently signed agreement with German technology company Inotech. Quadpack can currently have the benefit of the mixture of Louvrette’s producing expertise and Inotech’s method data and pioneering bi-injection molding technology.