Cosmetics and beauty packager Ileos has stepped into the New Year by bolstering its footprint in the contract filling and samples segment with the acquisition of Le Papillon.
Le Papillon serves the cosmetic and fragrance market in the United States specialising in full-service supplying, manufacturing of samples and promotional Gift Sets, allowing the Paris-headquartered company the chance to expand into this market having bought a 100 per cent stake.
Ileos, managed by Pierre Hémar employs 4,000 people in 14 locations in Europe, the US, Brazil and China. In 2012 it will record a turnover of €350 million.
"We are delighted to bring Le Papillon into the Ileos family,” says the company president.
“It is offering us the opportunity to further develop our know-how in fragrance unidose filling, gift & promotional items and better serve our customers in the United States, which is a core geography for us.”
The acquisition reinforces Ileos’ leadership in the full service and manufacture of unidose and samples for the fragrance and cosmetics industry through its dedicated division Bioplan, managed by Ludovic Anceau.
After the integration of the US firm, Ileos will achieve a turnover of €388 million in 2012, allowing it to strengthen its position in the United States.
Watson Warriner, president of Le Papillon, will remain in his role once the transaction is completed and believes it will help both parties push on with a strong partnership.
“It brings an international perspective to Le Papillon that complements its existing position in the United States and gives significant potential for further Innovation.”
Le Papillon was established in 1975 by Warriner, and has 120 employees and two production sites located in New-Jersey. The company posted a turnover of $49 million (€37 million)in 2012, with strong continued growth.