Cosmetics packaging manufacturer Albéa files for a $150 million IPO
Albéa, a global manufacturer of plastic packaging for beauty products, filed on Thursday with the SEC to raise up to $150 million in an initial public offering. The Luxembourg-based company, founded in 2004, was bought by Sun Capital Partners in 2010 from Alcan. Revenue jumped 63% to $1.6 billion for the fiscal year ended December 31, 2013 due to Albea's acquisition of Rexam Cosmetics in December 2021. BofA Merrill Lynch, J.P. Morgan and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.