Established in 1980 with corporate headquarters in Florham Park, New Jersey, WWP provides the cosmetics and personal care industries with a complete range of packaging components, custom and stock molding, and full service turnkey operations. With offices on the east and west coasts of the United States, a global sales team, and manufacturing facilities in China, World Wide Packaging has focused on vertical integration for many years.
WWP has operated a dedicated component- and tube-manufacturing plant in Suzhou, China, where 2000 employees produced 150 million units per year. With the recent acquisition of the Chinese cosmetics packaging manufacturer, WWP now has an additional 1.4 million square feet of manufacturing space. Also located in Suzhou, the four new WWP facilities include a metallization plant, an anodizing plant, a metal facility and a tool manufacturing facility.
“Having enjoyed more than four decades of uninterrupted growth, World Wide Packaging is excited about Bain Capital’s investment in our future growth,” said Barry Freda, CEO. “WWP looks forward to bringing our high quality, award-winning packaging innovations, and speed to market to more companies across the globe.” The senior management team remains in place, with CEO Barry Freda continuing to lead WWP in this new venture.
Bain Capital Private Equity’s proven operational expertise and ability to leverage a fully integrated global team presents a significant advantage for companies looking to identify and execute opportunities on a global scale and to tap into Asia’s high growth markets. The firm has extensive experience in consumer industries, having invested in companies like Carver Korea, Canada Goose, and Blue Nile, among many others. It also has experience merging the operations of two companies, both in the US and across multiple regions.
Jonathan Zhu, a Managing Director at Bain Capital Private Equity, said: “With this deal, the combined entity will have a customer-facing function primarily in the US, and manufacturing, sales and marketing operations in China. We look forward to working with WWP to preserve and enhance its presence in the independent beauty market and grow its presence among large beauty players, in the US and beyond, particularly in China, where demand for cosmetics is growing three times as fast as the US.”