Colep becomes sole shareholder of the Brazilian companies
4th June 2015
Colep, a leading global player in the consumer goods packaging and contract manufacturing industries, has become the sole shareholder of the Brazilian companies Provider, Total Pack and CPA (Colep Provider Aerosol).
Following its entry into the Latin American personal care and home care markets in 2010 with the acquisition of its 51% stake in the three manufacturing operations, Colep has now become the sole shareholder of the Brazilian companies by acquiring the 49% stake previously held by ZM Participação.
Although Colep already had a controlling position, this change will now make Colep totally responsible for managing the operation in this market. This acquisition is part of the company’s international strategy, which includes the reinforcement of the business in different regions of the globe, particularly in the Americas.
Vitor Neves, Colep CEO said: “With this move, Colep consolidates its leading position in the Latin American aerosol and consumer goods markets in which it currently owns three industrial plants in Brazil and one in Mexico.”
For further information, please contact Jo Jackson.