GPA Global (“GPA”) today announced the acquisition of Cosfibel Group (“Cosfibel”), one of the leading players in luxury promotional packaging, luxury gifting and merchandising solutions.

Cosfibel and its founder Alain Chevassus are renowned for their work with premium and high-luxury brands. From L’Oréal to Chanel, LVMH to Rémy Martin, and La Durée to Damman, Cosfibel has established itself as one of the world’s most acclaimed luxury packaging and merchandising providers. Based in France, with global service centres in 16 locations, and working across verticals such as beauty and personal care, wine and spirits, and fine foods, Cosfibel boasts an impressive client list of over 70 global brands.

This latest acquisition sees GPA further establish itself as a global leader in luxury packaging and advances GPA’s goal of growing nearshore and onshore manufacturing capabilities. It creates a strong European foothold for GPA through Cosfibel’s key manufacturing facilities in Spain, Portugal and Belgium. This growth in presence is key to GPA’s strategy of helping clients shorten supply chains to increase speed-to-market, de-risk the supply of materials, and reduce carbon emissions.

Adam Melton, CEO of GPA, said: “I’m excited to welcome the Cosfibel team to the GPA family. Cosfibel’s CEO, Marie Sermadiras, is a serial entrepreneur and she has joined GPA’s executive leadership to help further GPA’s expansion in Europe. Our global supply chain and manufacturing capabilities will enable us to better support Cosfibel’s customers and increases our prominence in the beauty and food sectors, while furthering our leadership in wine and spirits. Cosfibel has a talented global team and its founder Alain Chevassus will work with us in a senior advisory role.”

Alain Chevassus, Cosfibel’s founder and Chairman, added: “GPA is a great match for Cosfibel. I strongly believe this alliance will create a bright future for both our clients and teams.”

Marie Sermadiras, Cosfibel’s CEO, explained: "I am delighted to join forces with GPA. This alliance is a clear recognition of the fantastic work our teams have put in to grow and transform our business in a successful and sustainable way despite the challenges posed by a global pandemic. GPA and Cosfibel's complementary capabilities, creativity, and excellence in execution will enable us to grow even quicker, accelerate our diversification, and foster the transformation of the pack and gift industry.”

The acquisition of Cosfibel is the second major acquisition by GPA with Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) as a shareholder, building on the recent acquisition of California-based Jenco Productions, which established a.presence for GPA in Mexico and deepened its capabilities in the U.S. Ontario Teachers’ acquired a co-control stake in GPA in September 2022.

Raju Ruparelia, Senior Managing Director, Private Capital, Asia-Pacific at Ontario Teachers’ said: “We are impressed by Cosfibel’s superior design capabilities and strong reputation in its core markets and industry segments. The combination with GPA will further develop Cosfibel’s well-established European customer network as part of GPA’s strong global platform. Ontario Teachers’ is excited to see GPA continue to execute on its growth strategy by acquiring high-quality assets and partnering with strong management teams.”