Private equity funds managed by L Catterton and Ambienta sgr will take control of Pibiplast, a leading player in the design and manufacturing of beauty and personal care plastic packaging solutions. L Catterton is the largest and most global consumer-focused private equity firm in the world and Ambienta is the largest European private equity fund focused on sustainability (see here the press release). The Bosi family, founder and current owner of the company, will retain a minority stake.
Founded in 1954 and based in Correggio (Reggio Emilia), Pibiplast was initially born as a manufacturer of plastic packaging for the pharmaceutical industry. The company was then a first-mover in adopting environmentally friendly packaging solution and has continued its specialization in the skincare and makeup sectors through strategic acquisitions and investments in state of the art technologies.
Today Pibiplast operates four plants based in Northern Italy, serving more than 500 customers across 35 countries. It offers a wide range of products and customized solutions to the cosmetics industry, from the most recognized global brands to emerging independent brands. The business has reached over 60 million euros in revenues in 2017 after 57.13 millions in 2016, when it had reached a 7.65 million euros ebitda.