Big things are happening in the luxury industry! The North American group GPA acquired Cosfibel, one of the main players in the luxury promotional packaging, luxury gifts and merchandising solutions industry. Cosfibel has an impressive customer list of more than 70 global brands! This external growth operation will allow GPA to establish itself as a world leader in the luxury packaging sector and allow it to pursue its objective to increase its production capacity in North America and abroad. It will also strengthen the European presence of GPA through Cosfibel’s main production sites in Spain, Portugal and Belgium. Adam Melton (photo), co-founder and CEO of GPA, said: “I am very pleased to welcome the Cosfibel team to the GPA family. Marie Sermadiras, Managing Director of Cosfibel, is a “serial” entrepreneur who joined GPA’s management to help it continue its European expansion. Our global supply chain and production capabilities will allow us to better support Cosfibel customers and increase our visibility in the beauty and food industry while strengthening our leadership in wine and spirits. Cosfibel has a talented team around the world and its founder, Alain Chevassus, will work with us as a senior advisor.”
Published on 19/01/2023