GPack has signed this week an agreement with Oaktree Capital Management LP to acquire Alliora Coffrets, based in Fougères, France. The acquisition is part of GPack Group’s ongoing development strategy centered on expanding throughout Europe.
Formerly known as Cartotecnica Goldprint, GPack originally specialized in the production of luxury packaging for cosmetics and fragrance. It has since expanded through the development of further markets like food and pharmaceutical packaging as well as in-store displays.
With six factories in Italy and one in Poland, the group projects total sales of around 70 million euros for 2017, of which 50% stems from the luxury business.
With its acquisition of Alliora Coffrets, GPack plans to turn the activity into its center of excellence for gift boxes and double its business in the segment.
Through the operation, Alliora’s capital has increased by 7 million euros.
Now integrating 480 employees and eight factories, GPack has significantly grown its visibility in France and is aiming to take a market-leading position in the gift-box segment in Europe.
Previously part of Ileos Group, Alliora Coffrets, now renamed Alliora, has built its reputation among the major beauty, wines and spirits brands for its technical expertise, its capacity for integrating the different production processes and 100% French manufacturing. By joining GPack Group, Alliora, which has revenues of 12 million euros and 80 employees, will get a new lease on life. The structure and panache of such a group brings the French manufacturer the means to exploit its full potential. New investments will allow the company’s Fougères, Brittany site to optimize its organization and consolidate its position as a leading contributor to the local economy.
GPack’s Luxury division will be present at the upcoming PCD trade show in Paris to show its latest launches (cases and gift boxes), an important window on new opportunities.
PCD, Paris – Porte de Versailles, January 31-February 1. Stand M32.