US-based TriMas has acquired Aarts Packaging, a Netherlands-based provider of luxury packaging solutions for beauty and lifestyle brands, as well as for customers in the food and life sciences end markets.
Specialising in high-volume automated injection moulding for beauty and fragrance caps and closures, Aarts Packaging also offers in-house finishing capabilities including decorative metallization. The company generated approximately EUR 23 million in revenue in fiscal year 2022.
“This acquisition will broaden TriMas Packaging’s presence in beauty applications, adding a variety of cosmetic dispenser closures and beauty packaging design solutions. We expect Aarts Packaging’s customers to benefit from TriMas Packaging’s broad product offering, expanded design resources, global manufacturing footprint and continued investment in Aarts Packaging’s production capabilities,” said Thomas Amato, TriMas President and Chief Executive Officer.
Aarts Packaging Managing Director and previous shareowner Rob Geurtz will continue in his current role under TriMas ownership.
"This cross-border transaction enables Aarts Packaging to unlock new growth opportunities, while TriMas adds new packaging and design capabilities in the beauty segment, strengthens in-house automation and its presence in Europe," said Sinan İkiışık, Managing Partner at MP Corporate Finance, which advised the shareholders of Aarts Packaging.