PARIS — American packaging manufacturer GPA Global said Tuesday that it has acquired Cosfibel Group, a France-based maker of luxury promotional packaging, luxury gifting and merchandising solutions.
Financial terms of the deal, which supplies GPA a robust European footprint, weren't disclosed.
“This latest acquisition sees GPA further establish itself as a world leader in luxury packaging and advances GPA’s goal of growing nearshore and onshore manufacturing capabilities,” the group said in an announcement.
Cosfibel, which was founded by Alain Chevassus, has key manufacturing plants in Spain, Portugal and Belgium. The group works with corporations including L’Oréal, Chanel, LVMH Moët Hennessy Louis Vuitton, Rémy Martin, Ladurée and greater than 70 global brands.
Cosfibel has service centers in 16 locations and works vertically in sectors reminiscent...
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