Aptar in Crystal Lake acquires cosmetics brand
AptarGroup Inc. said it acquired Reboul from Vacheron Industries SAS.
Reboul is a French leader in the design and industrial production of high-quality metal components, metal-plastic subassemblies, next generation lipstick mechanisms, and complete color cosmetic packaging solutions.
The acquisition brings to Aptar complementary and distinctive capabilities including deep metal drawing, high speed metal stamping, as well as differentiated lipstick mechanism design and manufacturing. The transaction positions Aptar well to capitalize on growth in the color cosmetics market, while further strengthening its ability to serve customers in the skin care and fragrance markets.
Aptar will acquire Reboul for about $17 million in cash, less the amount of net debt assumed at the closing date. The agreement also provides an earn-out provision based on the 2018 financial results, which could increase the enterprise value to a maximum of about $28 million. The purchase will be funded with available cash on hand.
Since 1921, Reboul has been creating packaging for some of the world's most prestigious color cosmetics brands.
Stephan Tanda, Aptar President and CEO said, "We are excited to announce this strategic acquisition which better positions us to further participate in the attractive growth of the color cosmetics market.
Aptar is a global supplier of a broad range of innovative dispensing solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. Aptar is headquartered in Crystal Lake with manufacturing facilities in North America, Europe, Asia and South America.