AptarGroup and Fusion Packaging (FusionPKG) have inked a binding acquisition agreement. The transaction is subject to customary closing conditions.
Founded in 2004 by Jonathan Gross and Derek Harvey, FusionPKG offers standard and custom-made airless and color cosmetics packaging, as well as conception-to-launch turnkey solutions for the North American beauty market through its FusionPKG BeautyLab division. The company has existing relationships with many global cosmetic and skin care customers as well as many rapidly growing indie brands.
“This is a key step in our strategy to address market demands for fast beauty solutions with differentiated design and decorative offerings. We are strengthening our formidable portfolio by broadening our agile design and full-service beauty packaging capabilities. FusionPKG’s expertise in turnkey solutions is especially valuable to disruptive indie brands, as well as large established customers requiring expeditious launches. We believe the color cosmetics and skin care markets offer high growth potential, and FusionPKG has been growing at double-digit rates over the past few years. Our plan is to leverage FusionPKG’s market facing strengths in combination with our broad product and technology platforms. FusionPKG is an excellent complement to our current North American business, and there is great potential to scale this model in Europe and other regions,” said Stephan Tanda, Aptar President and CEO.
FusionPKG employs approximately 100 people across its headquarters in Dallas, sales and design offices in New York and Los Angeles, and operations in New Jersey and China. For 2019, the company generated sales of approximately USD 80 million.
