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Thursday, February 2, 2023
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HSF acts for GPA Global on Cosfibel acquisition

Herbert Smith Freehills has advised US-based packaging firm GPA Global on its acquisition of Cosfibel Group, a French company that supplies luxury packaging solutions

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Founded in 2001, headquartered in France and with 16 offices around the world, Cosfibel employs more than 200 people and has 4 production sites in Spain, Portugal and Belgium. The group has prestigious clients across a number of sectors including cosmetics, wines and spirits and delicatessen.

GPA Global is headquartered in the United States and employs over 3,000 people worldwide. The group has 24 sites on 3 continents. With this transaction, GPA Global is strengthening its presence in Europe and in the beauty sector globally, as well as expanding its production capabilities for the premium and luxury markets

Cosfibel provides packaging and merchandising solutions for various sectors, including beauty and personal care, wine and spirits, and fine foods. The company operates 16 global service centres and supplies more than 70 brands, including L’Oréal, Chanel, LVMH, Rémy Martin, La Durée and Damman.

GPA said it will benefit from the use of Cosfibel’s manufacturing facilities in Spain, Portugal and Belgium. The acquisition is also expected to improve supply chains by increasing speed-to-market, de-risking the supply of materials and reducing carbon emissions.

Herbert Smith Freehills advised GPA Global with a Paris office multidisciplinary team including partner Hubert Segain (Corporate), Sergio Sorinas (Competition), Sophie Brézin (Employment), Anne Petitjean (Real Estate), and Alexandra Neri (IP, Technology, Personal Data). Teams from the Madrid, London, New York, Hong Kong and Singapore offices also advised on this transaction. 

The HSF´s Madrid office Corporate team made up of partner Pablo García-Nieto, associate Alejandro Hillage and junior associates Alejandro Grima and Jacobo Jiménez-Poyato.

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