Colep Packaging acquires the entire Share Capital of ALM
Two years after acquiring 40% of ALM, SL, Colep Packaging executes the purchase of the remaining 60% of the leading Spanish aluminum aerosol manufacturer. With this operation, Colep Packaging acquires the entire share capital of ALM and reaffirms its ambition to grow in the aerosol market.
In 2024, ALM is expected to achieve sales exceeding 16 million euros. By 2026, the company plans to double its production capacity for aluminum aerosols and a post-acquisition expansion plan is in place, involving an investment of over 15 million euros. This additional investment primarily focuses on improving the infrastructure and increasing the production capacity of the Barcelona plant, enabling it to better serve the Iberian and European markets.
With over 35 years in the business, ALM produces and sells a wide range of aluminum packaging solutions, specifically for the food, beverage, cosmetics, personal care and household care industries.
This strategic expansion movement reinforces Colep Packaging‘s value proposition as a preferred partner for metal packaging solutions in both tinplate and aluminum. Over the past two years, the global aerosol market has grown by more than 6% annually, reaching 10 billion units produced per year.
For Paulo Sousa, Colep Packaging’s CEO, “this operation, together with the recent entry into Mexico, emphasizes our vision for the aerosol segment and is aligned with the company’s growth strategy.”
Colep Packaging’s industrial infrastructure is currently based in five locations: Vale de Cambra, Portugal; Kleszczów, Poland; Navarra and Barcelona, Spain; and Querétaro, Mexico.
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