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Industry buzz

Colep strengthens its investments in Brazil

Colep is increasing its investments in the Brazil. The global supplier of consumer goods packaging and contract manufacturing services has become the sole shareholder of Brazilian companies Provider, a company specialising in the manufacture of cosmetics and personal care products, Total Pack, which offers liquid filling solutions from its base in Louveira, in the state of São Paulo, and CPA (Colep Provider Aerosol), an aerosol filling plant based in Itatiba, near São Paulo.

Following its entry into the Latin American personal care and home care markets in 2010 with the acquisition of its 51% stake in the three manufacturing operations, Colep has now acquired the 49% stake previously held by ZM Participação.

Vitor Neves, Colep

Vitor Neves, Colep

Although Colep already had a controlling position, this change will now make Colep totally responsible for managing the operation in this market,” said the company in a release. This acquisition is part of the Colep’s international strategy, which includes the reinforcement of the business in different regions of the globe, particularly in the Americas.

With this move, Colep consolidates its leading position in the Latin American aerosol and consumer goods markets in which it currently owns three industrial plants in Brazil and one in Mexico,” said Vitor Neves, Colep CEO.

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

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