Business News
Ileos announces the acquisition of Biopack
Monday 17. November 2008 - On 14th of November, Ileos, a leading supplier of packaging to the fragrance, cosmetics, and pharmaceutical industry, announced its acquisition of Biopack.
The transaction, the first since the North East – Ileos LBO, was successfully carried out with the support of the Groups majority shareholder, 21 Centrale Partners, and a pool of banks. In taking this step Ileos has reinforced its product range and expertise in the field of Samples and Unitdoses (Socoplan)
Since its creation in 1989 Biopack had forged itself a position as market leader for fragrance samples (sprays and small bottles). The company is very dynamic and has developed a number of innovative products, such as shaped cards, envelopes, card holders, folding cards, paper twists, mini roll-on bottles … Turnover for the year 2007/2008 was 18 million Euros.
Socoplan designs and manufactures samples and unitdoses for the cosmetics, makeup and fragrance markets. During 2008 the company received several awards, for innovation for its mascara sample, for the quality of its printing and for its policy of sustainable development. Ileos Samples and Unitdoses Division is based in France, Poland, China and the USA, with a consolidated Turnover of more than 55 million Euros.
The combined structure will generate a consolidated Turnover of 73 million Euros. Hereafter, customers will be able to benefit from the largest and most creative range of products in the market, covering monodoses, samples and full services for fragrances and cosmetics. Because of its international presence, the group can offer complete solutions taking into consideration the specificity of each client.
Maxime DHaussy, previously Sales & Marketing Director Europe at Socoplan, will take over as Chief Operating Officer at Biopack. Stéphane Frémiot, previously Sales Director at Biopack, now, will be Sales and Marketing Director Europe for the new group. Both will report to Ludovic Anceau, CEO of Socoplan.
Bernard and Eric Simon, the founders of Biopack and previously President and General Manager respectively, will work with the new management team until the end 2009 to help optimize integration.