Silgan Holdings and Albéa have completed the sale of Albéa’s Dispensing Systems business, Metal (Covit Europe and USA) and Brazil industrial clusters, which was announced in January. Today these businesses, and all their teams, join Silgan Dispensing.
With the acquisition, Silgan Dispensing expands its range of pumps for the beauty, cosmetic, and fragrance markets, while also adding a market-leading portfolio of foaming and fragrance and beauty sampler/mini product solutions.
“This acquisition is a transformative move for Silgan Dispensing,” said Kevin Clark, President of Silgan Dispensing. “We add an impressive product portfolio that expands our market presence, differentiated manufacturing capabilities and a great team of talented professionals who will help us continue in our mission to be the dispensing partner our customers need to help them win in the marketplace.”
For its part, Albéa will now focus its energy and resources on its legacy Tubes, Cosmetic Rigid Packaging and Beauty Solutions businesses. “Each business will leverage its unique value proposition, including product offering, industrial footprint, business model and key assets - as well as Albéa’s distinctive culture and strong commitment to Corporate Social Responsibility,” explains François Luscan, President and CEO of Albéa.
To ensure a seamless transition, in particular business continuity to customers and a smooth integration to the team joining Silgan, a Transition Services Agreement has been signed by Albéa and Silgan.