The acquisition will allow Leoplast to develop production capacity and increase its reach in international markets, while Lumson is able to further build on its ‘already wide range’ of products for makeup.
Leoplast is particularly known as a manufacturer of lipstick packaging.
“Thanks to this agreement, Lumson enlarges its already wide range of products for Make Up by introducing an extended offering of standard and custom lipsticks, available in different materials and finishes, with customization by innovative decoration technologies,” the company said in a statement.
According to the company, The acquisition is directly related to Lumson’s strategy of positioning itself as a ‘privileged partner’ for customers.
It will be “taking the benefits of a European production platform, marked for quality, reliability, ability to answer with flexibility and to “time to market” needs, which are always more and more pressing,” Lumson confirms.
Lumson describes itself as at the head of a group operating on a global scale, with two main production sites in Italy and with a staff of over 500 employees.
Lumson notes that it shares with newly acquired Leoplast, “a strong awareness for a sustainable production, proved by Lumson’ UNI EN ISO14001 Certification, by common research and tests on recycled and regenerated plastics materials and, last but not least, by a large employment of renewable energies.”
The two companies believe that their shared values and Italian heritage makes the partnership well suited.
“Made in Italy design, attention to quality, traditional and innovative decoration technologies, as well as ongoing development in new products and processes have always been the main characteristics of Lumson Group. The Leoplast acquisition aims to strengthen its position as the market leader,” Lumson asserts.