Carlyle To Acquire HCP Packaging

Carlyle, a world funding agency, introduced it has agreed to amass a 100% stake in HCP Packaging—from Baring Private Equity Asia (BPEA). Funds will come from Carlyle Asia Partners and Carlyle Japan Partners’ associates, two of the corporate’s buyout funds in Asia. The phrases of the transaction weren’t disclosed.HCP is a world chief within the design, improvement, and manufacture of beauty packaging—and Carlyle says it plans to assist help the corporate because it scales its operations and grows. Eddy Wu, president, and CEO of HCP Packaging, feedback, “We are extremely pleased with our journey to turn into a number one cosmetics packaging producer and want to thank BPEA for his or her help over the previous six-and-a-half years. Our strategic priorities proceed to be centered on driving sustainable packaging innovation and delivering top-quality companies and best-in-class operational excellence to our clients worldwide.”During BPEA’s possession, HCP has skilled transformative development—changing into a good stronger major packaging provider for each coloration cosmetics and skincare, with expanded product expertise and geographical footprint.Alex Lee, managing director at BPEA, says, “We’re proud to have overseen the transformation of HCP’s ESG and sustainability capabilities, together with growing refillable PCR packages and using sustainability-certified manufacturing services.” (Some of HCP’s sustianable packaging choices, together with traits, had been featured throughout a presentation.)Wu provides, “We are delighted to accomplice with Carlyle and to have a brand new proprietor with such excessive caliber. We look to leverage Carlyle’s international platform strengths for our subsequent part of development and as we increase our main market place internationally.”

Plans To Grow Globally
Carlyle says it can leverage its deep sector expertise within the client and manufacturing industries to assist help HCP’s development and rising its international buyer base.Carlyle may also work with HCP to assist discover international strategic acquisitions, additional strengthen the corporate’s main R&D capabilities, and facilitate enterprise synergies and alliances for HCP with its international community of portfolio firms within the cosmetics, client, and manufacturing industries.Wanlin Liu and Dennis Wang, managing administrators of the Carlyle Asia Partners advisory staff, remark:“We are excited to accomplice with HCP and sit up for working with Eddy and the administration staff on the corporate’s subsequent part of worldwide development and growth. We see long-term development potential within the magnificence and cosmetics trade and imagine HCP’s enterprise observe document and dedication to R&D and ESG are market differentiators.”Liu and Wang add, “We plan to leverage the strengths of our international platform, market experience, and synergies from our community of portfolio firms within the client and manufacturing sectors to assist HCP seize new development alternatives—and take the corporate to the subsequent stage.”

More About HCP Packaging—Founded in 1960
HCP Packaging, headquartered in Shanghai, was based in 1960. It is likely one of the world’s largest magnificence packaging suppliers with 10 state-of-the-art manufacturing and manufacturing services throughout China, the USA, Mexico, and Europe.The firm has produced many revolutionary award-winning packaging designs and is devoted to researching and investing in sustainable packaging options for the sweetness trade. It works with over 250 main cosmetics, skincare, and perfume manufacturers, together with Estée Lauder, L’Oréal, and Shiseido.The transaction is topic to customary regulatory approvals and is anticipated to shut in Q3 2022.

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