With the acquisition, GPA Global strengthens its position in luxury packaging on a worldwide scale and moves closer to its goal of expanding its nearshore and onshore manufacturing capabilities
GPA Global has acquired Cosfibel Group. (Credit: Tamanna Rumee on Unsplash)
Speciality packaging firm GPA Global has announced the acquisition of French luxury promotional packaging, luxury gifting and merchandising solutions provider Cosfibel Group.
Cosfibel works with premium and high-luxury brands like L’Oréal, Chanel, LVMH, Rémy Martin, La Durée and Damman along with a client list of more than 70 global brands.
The firm has global service centres in 16 locations and works in verticals like beauty and personal care, wine and spirits, and fine foods.
Cosfibel blends environmental criteria for secondary packaging in the form of cases and boxes, high-end bags, and a variety of accessories with a variety of multi-materials for packaging, textiles, and eco-responsible products.
With the acquisition, GPA strengthens its position in luxury packaging on a worldwide scale and moves closer to its goal of expanding its nearshore and onshore manufacturing capabilities.
The acquisition gives GPA a solid presence in Europe because of Cosfibel’s important manufacturing sites in Spain, Portugal, and Belgium.
It will help GPA to achieve its goal of assisting clients in reducing carbon emissions, accelerating time-to-market, and de-risking the supply of materials through shortening supply chains.
GPA CEO Adam Melton said: “I’m excited to welcome the Cosfibel team to the GPA family. Cosfibel’s CEO, Marie Sermadiras, is a serial entrepreneur and she has joined GPA’s executive leadership to help further GPA’s expansion in Europe.
“Our global supply chain and manufacturing capabilities will enable us to better support Cosfibel’s customers and increases our prominence in the beauty and food sector, while furthering our leadership in wine and spirits.
“Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role.”
In addition to the recent acquisition of California-based Jenco Productions, which gave GPA Global presence in Mexico and expanded its capabilities in the US, the recent acquisition marks the second significant acquisition by GPA with Ontario Teachers’ Pension Plan Board as a shareholder.
In September 2022, Ontario Teachers’ acquired a co-control stake in GPA.