U.S. firm Acon forms major plastics packager in South America
June 13, 2015 by Canadian Plastics
A major new plastics packaging firm has been created in South America.
U.S. private equity investment firm Acon Investments LLC has acquired Columbia-based rigid plastic personal care packaging manufacturer Intecplast and Pieriplast, a Peruvian supplier of customized packaging for the direct sales cosmetics industry.
Intecplast and Pieriplast will be consolidated under a new company, Amfora Packaging, which Acon says is one of the largest pan-Andean plastic packaging companies, with over 800 employees and production facilities in Lima, Peru and Bogota, Colombia.
Founded in 1982 in Bogota, Colombia, Intecplast is a manufacturer or rigid plastic packaging solutions using injection, blow molding, injection stretch blow molding and injection blow molding for the cosmetics, personal care and pharmaceutical industries.
Pieriplast, established in Lima, Brazil in 1987, produces a diverse portfolio of packaging formats including mascaras, lipsticks, powder dispensers, jars, and perfume caps. Pieriplast services direct sales cosmetics companies in Peru, Colombia, Ecuador, Mexico, and Brazil.
“The integration of Intecplast and Pieriplast into Amfora forms the leading manufacturer of plastic packaging for cosmetics and personal care products in the Andean region,” Jose Miguel Knoell, managing partner of Washington, D.C.-based Acon, said in a statement. “The company will be well-positioned to enter new export markets and at the same time capitalize on a fragmented industry in the region with few competitors able to develop and produce quality products acceptable to multinational customers.”
The terms of the transaction have not been disclosed.