Alcan sells Cébal to management team

Published: 1-Aug-2006


The management team of Cébal Aerosols has teamed up with private equity group Natexis Investissement Partners to buy the company from its parent, Alcan.

Cébal is a leading European manufacturer of aerosols for the cosmetics, pharmaceutical and drinks industry. The company currently has 593 employees based in France, the UK, Spain and the Czech Republic.

Alcan, which bought the company in 2003 as part of its purchase of Pechiney, says it decided to let the company go as it no longer forms part of its core business. For its part, Cébal says that it will be able to continue its strong growth thanks to anticipated new investments.

The MBO was financed with the help of Société Générale. Terms have not been disclosed but Cébal's turnover in 2005 was €86m.

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