Webpackaging logo

Albéa acquires 100% of Covit S.L., a leading manufacturer of metal parts, from PHI Industrial private equity fund

  • Albéa
North America, USA, Europe, Iberia, Spain, Asia, East Asia, China, Beauty, Personal Care, Cosmetics, Fragrances, SL, Plastic, Metal, Packaging Decoration, Colouring

Albéa announces today the acquisition of Covit S.L, a leader in the drawing, anodizing, assembly and decoration of metal parts for packaging products, based in Torelló, Spain.

Covit owns an extensive know-how in stamping, anodizing and color matching as well as years of experience primarily in dispensing systems.

The company was founded in 1979. It employs 200 people and achieved sales of appr. €20 million in 2017.

This acquisition will provide Albéa with global Metal capabilities and expertise while building a strong, global supplier of metal parts. Metal is a critical asset in the fragrance & cosmetics market where packaging often combines metal and plastic parts.

With Covit, we are building a metal business with facilities in Torelló (Spain), Waterbury, CT (USA) and Shanghai (China) that will offer a wide range of products and technologies, world-class technical expertise, global reach and a strong commitment to Corporate Social Responsibility” explains François Luscan, Albéa’s President & CEO.

Alexander Wit, Managing Partner of PHI Industrial commented: “We are proud of the work the Covit team has achieved over the past 7 years in order to become a leading manufacturer of metal packaging solutions. We believe that Albéa is an ideal owner for the business as it will allow Covit to be part of a truly global business and play a significant role in Albéa’s metal strategy.”

See also

Albéa, Origins, The Estée Lauder Companies and SABIC partner in breakthrough recyclable tube packaging

As a pioneer in the development of sustainable packaging for beauty brands, Albéa will leverage its expertise in the use of advanced recycled resins to provide Origins with a high-performing tube composed of a certified polymer resin manufactured by SABIC’s revolutionary, certified circular polyethylene and polypropylene advanced recycling technology. Albéa, Origins, The Estée Lauder Companies (ELC), and SABIC have announced their strategic partnership to bring an advanced recycled tube package to market in 2021.

Decor & Development 4.0: Speed, reliability, and flexibility for new Tube developments

In a market with shorter lead-times and smaller order sizes, digital technology is obviously part of the solution – from digital printing to collaborative platforms via data sharing in real-time. Together with our partner and global specialist of the industrial graphic chain Esko, we have developed pre-press tools for digital printing, as well as a collaborative platform to manage projects within our industrial facilities, across sites, and directly with our customers or their design agencies.

  • Company News
  • English
  • Modified 28 Feb 2018
  • Hits 4286