The Aptar Group is reinforcing its capabilities with the acquisition of Reboul, a French leader in the design and industrial production of high-quality metal components, metal-plastic sub-assemblies, next generation lipstick mechanisms, and complete colour cosmetic packaging solutions.
This acquisition brings to Aptar new capabilities including deep metal drawing, high speed metal stamping, as well as differentiated lipstick mechanism design and manufacturing. “The transaction positions Aptar well to capitalize on growth in the u cosmetics market, while further strengthening its ability to serve customers in the skincare and fragrance markets,” says the group in a release.
Aptar will acquire Reboul from Vacheron Industries SAS for an enterprise value of EUR 14 million (approximately USD 17 million), less the amount of net debt assumed at the closing date. The agreement also provides an earn-out provision based on the 2018 financial results, which could increase the enterprise value to a maximum of EUR 23 million (approximately USD 28 million).
“The combination of Aptar’s scale and Reboul’s distinctive capabilities is compelling, and it will enable us to further expand our distinctive solutions to customers worldwide. We welcome Reboul’s excellent and experienced team to Aptar and look forward to building upon their success together to create a global leader in colour cosmetics packaging solutions,” said Stephan Tanda, Aptar President and CEO.