A growth plan and investments for the coming years
The French manufacturer Verpack, which specialises in the design and production of luxury packaging in cardboard, plastic, tubes and canisters, announced on Tuesday 12 May that it was opening up its capital to Crédit Mutuel Equity. The group explains that it is thus approaching a "?nouvelle era of croissance?".
This opening up of the capital to 25 % (the Viers family, which owns the Verpack group, remains the sole majority shareholder) is to result in a "?mutualisation of ressources?", a "?dynamisation of the industrial forces and commerciales?", and a "?investissements significatifs?". Verpack announces in particular the installation of new printing, cutting and gluing machines.
A new positioning
Crédit Mutuel Equity's entry into the group is also intended to support the group in its growth, its European expansion and its future external growth operations.
Verpack has been built up mainly through successive acquisitions with the purchase of Cartonnages Guillaume (Île-de-France) in 2000, CLP Packaging (Burgundy) from the American group Chesapeake in 2006 and Korus Packaging (Bordeaux) in 2013. It intends to continue this movement, supported by its new shareholder.
Strengthening in the wine and spirits sector
With 5 industrial sites in France and 1 site in Tunisia, Verpack focuses its activity on folding boxes and cases for the beauty sector (cosmetics and perfume) and intends to strengthen its presence in the wine and spirits sector.
Founded by Jean-Claude Viers in 1993 in Paris, the family-owned Verpack group achieved a turnover of ?42.9 million in 2019 with 450 employees.
