German industrial cosmetics packaging company Louvrette has been acquired by Quadpack, an international beauty packaging manufacturer and provider. The acquisition increases Quadpack’s injection-molding capacity, making it one of the leading jar manufacturers in Europe, with enhanced agility and a vastly accelerated time to market. The transaction specifically increases Quadpack’s penetration in Germany, one of the five biggest European markets, with a stronger commercial presence besides production capabilities. Financial details of the transaction were not disclosed.
Louvrette specializes in thick-walled injection molding and is an established company in the skincare packaging market. Its manufacturing facilities are a major addition to Quadpack’s existing production sites in Spain and positions the company as one of the top 10 European cosmetic packaging providers.
An active program dedicated to sustainable product development aligns neatly with Quadpack’s own activities in this area. “Louvrette and Quadpack are kindred spirits. We are both people-focused organisations with similar values. Our strengths go hand in hand. Louvrette brings mold-making, engineering and manufacturing expertise. We bring market-leading creative design together with a global infrastructure in sales, marketing, sourcing and logistics. It’s the convergence of ‘German engineering excellence’ with ‘creativity born in Barcelona’," explained Quadpack CEO and Co-Founder Tim Eaves.
The deal enables Quadpack to obtain a better balance as a hybrid manufacturing and sourcing company, increasing the percentage of own-manufactured products to over 30% of sales. More than 100 products will be added to the company’s own Q-Line portfolio.
The acquisition follows on the heels of the recently signed agreement with German technology company Inotech. Quadpack will now benefit from the combination of Louvrette’s manufacturing experience and Inotech’s process knowledge and pioneering bi-injection molding technology, which will significantly boost its ability to offer an exclusive product range, designed and manufactured in-house.