Sun Capital Partners has acquired Alcan Packaging Beauty from Rio Tinto. No financial terms were disclosed. APB is a French provider of tube, fragrance and cosmetic plastic packaging to the beauty industry.
We are pleased to announce that an affiliate of Sun Capital Partners, Inc. has completed the acquisition of the Alcan Packaging Beauty Business (“APB”) from Rio Tinto plc (NYSE: RTP). The purchase price was bridged by an affiliate of Sun Capital Partners, Inc.
APB, based in France, is a world leading supplier of tube, fragrance and cosmetic plastic packaging to the beauty industry. The Company has a global industrial footprint and organization with 26 manufacturing sites in 12 countries across Europe, Asia and the Americas. APB has revenues of approximately $750 million and employs approximately 8,000 people.
About Sun Capital: Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in over 235 companies worldwide since its inception in 1995, with combined sales in excess of $40 billion. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.