Ardagh enters aerosols market with acquisition of Boxal

By Pooja Kondhia

- Last updated on GMT

Related tags: Manufacturing

Luxembourg-based Ardagh Group is to acquire the Boxal group of companies from Exal in a move that will extend its current services to the cosmetics industry to include aerosols.

As part of the acquisition, Ardagh will add Boxal’s packaging capabilities including the manufacture and supply of aerosols such as Axe, Pantene, Garnier and L’Oréal among others, to its portfolio of services.

"We are pleased to announce the acquisition of Boxal which will assist us in further diversifying into the aluminium can market, enhance our product offering and add value to our current activities​", said Niall Wall, Ardagh Group CEO.

Expansion of services

Boxal has manufacturing facilities in both France and the Netherlands, which have a total annual production capacity of over 900m containers. These will be in addition to Ardagh’s 88 manufacturing plants worldwide.

The transaction between Ardagh and Exal will include an investment of approximately €85m. Further details of when the acquisition will be completed have not yet been disclosed.

According to AEROBOL (International Organisation of Aluminium Aerosol Container Manufacturers) president Takaaki Takeuchi, “The booming market has induced several aluminium aerosol can producers to enlarge their production capacities because the industry strongly believes in the sustained success of this product​.

Aerosol and Dispensing forum

An important and expanding market within the cosmetics industry, each year, the Aerosol and Dispensing Forum is held in Paris focusing on innovation, technology and regulations.

According to Isabelle Lepeltier, expertise packaging manager L’Oréal, “Cosmetics represent 54 per cent of the aerosols market. In this sector, innovation goes hand in hand with the product performance sought by consumers​”.

This year it is being held as a two-day event at the Espace Champerret on 8th and 9th February 2012.

Related topics: Business & Financial

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