Packaging solutions provider GPA Global has announced its acquisition of France-based packaging and luxury gift firm Cosfibel Group.
Founded by Alain Chevassus in 2021, Cosfibel specialises in luxury promotional packaging, luxury gifting and merchandising solutions.
It has service centres in 16 locations, and its list of 70 client brands includes L’Oréal, Chanel and LVMH.
According to GPA Global, the acquisition further establishes the company as a global leader in luxury packaging and advances its goal of growing nearshore and onshore manufacturing capabilities.
It creates a strong European foothold for GPA through Cosfibel’s key manufacturing facilities in Spain, Portugal and Belgium.
“I’m excited to welcome the Cosfibel team to the GPA family,” said Adam Melton, CEO of GPA.
“Cosfibel’s CEO, Marie Sermadiras, is a serial entrepreneur and she has joined GPA’s executive leadership to help further GPA’s expansion in Europe.
“Our global supply chain and manufacturing capabilities will enable us to better support Cosfibel’s customers and increases our prominence in the beauty and food sector, while furthering our leadership in wine and spirits.
“Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role.”
Sermadiras added: “GPA and Cosfibel’s complementary capabilities, creativity and excellence in execution will enable us to grow even quicker, accelerate our diversification, and foster the transformation of the pack and gift industry.”
Chevassus, meanwhile, said the alliance would “create a bright future for both our clients and teams”.
The acquisition of Cosfibel is GPA’s second major acquisition with Ontario Teachers’ Pension Plan Board as a shareholder, building on the recent acquisition of California-based Jenco Productions, which established a presence for GPA in Mexico and deepened its capabilities in the US.
Ontario Teachers’ acquired a co-control stake in GPA in September 2022.
This time last year, Shenzhen-based GPA announced its acquisition of Polish packaging maker ASG, as well as print and packaging company Southern California Graphics (SCG) in two independent deals.
