Carlyle acquires global cosmetics packaging company HCP from BPEA
A global investment company, Carlyle has acquired a 100% stake in HCP Packaging, a global leader in the design, development and manufacture of primary cosmetic packaging, from funds affiliated with Baring Private Equity Asia (BPEA).
Founded in 1960 and headquartered in Shanghai, HCP is currently one of the world’s largest beauty packaging suppliers with 10 production and manufacturing sites in China, USA, Mexico and Europe. HCP’s product portfolio includes compacts and palettes, lipsticks and twist-up sticks; mascara with expertise in molded and fiber brushes; lip gloss and concealer, pots, jars and closures; pumps and droppers. The company works with more than 250 leading cosmetics, skincare and fragrance brands, including Estée Lauder, L’Oréal and Shiseido.
Carlyle said he intends to support HCP as it continues to scale its operations and grow its customer base globally. The investment company will also work with HCP to help explore strategic acquisitions.
“Our strategic priorities continue to be centered on driving innovation in sustainable packaging and delivering superior service and best-in-class operational excellence to our customers around the world. We are thrilled to partner with Carlyle and to have a new owner of such caliber. We seek to leverage the strengths of Carlyle’s global platform for our next phase of growth and as we expand our leadership position in the international marketplace,” commented Eddy WuPresident and CEO of HCP Packaging.
The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2022.