ColepCCL announces the completion of the acquisition of Czewo Full Filling Service GmbH
9th January 2009
ColepCCL S.A., a major European supplier of aerosol based products for the personal care, beauty, healthcare and homecare markets, and a pan-European player in the can-making industry, today announced that following regulatory approvals, it has completed the acquisition of Czewo Full Filling Service GmbH (Czewo), as originally announced in July 2008.
This acquisition enables ColepCCL to complement and further expand the strengths of the two former standalone companies. By leveraging on its increased scale and geographical spread the company will be able to offer better security of supply and speed to market. Through the optimisation of processes, exchange of best practices and continuous investment in innovation, the company will be better equipped to serve the growing outsourcing needs of the various industries served.
Within a global framework, the business will continue to be managed by local teams ensuring that they remain focused on specific customer needs and future partnership opportunities.
ColepCCL will have combined sales of approximately 500 million Euros, will operate in 5 countries across 9 manufacturing sites, and will employ 2,800 people.
Building on the success story of its foundation, ColepCCL sees this acquisition as a strategically important milestone to fulfill its mission of providing value to its customers by strengthening the industries in which it operates.
The RAR Group is the sole shareholder of ColepCCL.
ColepCCL S.A. is a major supplier of aerosol based products, a pan-European manufacturer for the personal care & beauty market, healthcare and homecare markets, and a pan-European player in the can-making industry. ColepCCL was established in 2004 through the merger of Colep and the European Custom Manufacturing Division of CCL Industries.
RAR Group is one of the most important Portuguese economic groups, spanning a diverse portfolio including contract manufacturing and packaging, food products, real estate, services, tourism and financial investments. With consolidated revenues in 2007 of approximately 800 million Euros, the RAR Group employs 3,700 employees, in Portugal, Spain, United Kingdom, Germany and Poland.
For further information:
Marketing and Innovation Manager
Tel: 0044 (0) 1724 290803
Fax: 0044 (0) 1724 846442