Latest news with #ACONInvestments
Yahoo
04-08-2025
- Business
- Yahoo
ACON to sell Amfora Packaging to Albéa Group
US-based private equity company ACON Investments has signed an agreement for the sale of its controlling stake in Amfora Packaging to sustainable cosmetic packaging company Albéa Group. The financial details of the transaction have not been made public. Amfora, established in 2015 through the merger of Colombia-based Intecplast and Peru-based Pieriplast, offers beauty and personal care packaging products. Under ACON's management, Amfora is said to have experienced growth, making it an attractive acquisition opportunity for Albéa, which aims to expand its portfolio in the sector. ACON partner Alberto Hernandez said: 'We are very proud of how Amfora's team transformed and grew two independently managed, diverse family businesses into an institutionalised, export-oriented company serving top-tier clients across Latin America, North America and Europe. 'As a result, we believe the company is well-positioned for its next chapter of growth under Albéa's stewardship. 'Our investment in Amfora illustrates ACON's strategy of successfully identifying and managing high-potential companies and supporting them through complex business cycles to unlock long-term value.' Brigard Urrutia, Hogan Lovells, and Grant Thornton provided advisory services to ACON during this deal. This sale follows ACON's exit from another investment, Vitalis S.A.C.I., earlier in the year. In 2024, Clarins, a French beauty product company, launched a new sustainable flip-top closure system, the EcoLittle Top, developed in collaboration with Albéa Tubes. This solution, part of the EcoTop range, aims to tackle weight and recyclability challenges in the industry. In 2023, French cosmetics brand L'Occitane collaborated with Albéa Tubes to redesign the packaging for its 30ml hand cream collection. The updated packaging included an all-plastic laminate and a Greenleaf tube certified by the Association of Plastic Recyclers, featuring a multilayer sleeve made of high-density polyethylene. "ACON to sell Amfora Packaging to Albéa Group" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
ACON Investments Announces Sale of Amfora
WASHINGTON and BOGOTÁ, Colombia, Aug. 1, 2025 /PRNewswire/ -- A fund managed by ACON Investments, L.L.C. ("ACON"), a middle market private equity investment firm based in Washington, D.C., announced today that it has entered into an agreement for the sale of its controlling interest in Amfora Packaging S.A.S. ("Amfora" or the "Company") to Albéa Group, a global leader in sustainable cosmetic packaging ("Albéa"). Formed by ACON in 2015 through the simultaneous acquisition and merger of two family-owned businesses, Bogotá-based Intecplast and Lima-based Pieriplast, Amfora is an innovative packaging company focused on the beauty and personal care segment. Under ACON's ownership, the combined platform experienced significant growth, making it an attractive opportunity for Albéa to expand its offering in color cosmetics, skincare, personal care and fragrance. "We are very proud of how Amfora's team transformed and grew two independently managed, diverse family businesses into an institutionalized, export-oriented company serving top-tier clients across Latin America, North America and Europe. As a result, we believe the Company is well-positioned for its next chapter of growth under Albéa's stewardship," said Alberto Hernandez, Partner at ACON. Mr. Hernandez continued. "Our investment in Amfora illustrates ACON's strategy of successfully identifying and managing high-potential companies and supporting them through complex business cycles to unlock long-term value." This transaction follows ACON's successful exit from Vitalis S.A.C.I., another ACON fund portfolio investment in Colombia, exited earlier this year. ACON has 29 years of experience in Latin America, where it has invested in 44 companies across 10 different countries. Terms of the transaction were not disclosed. Brigard Urrutia, Hogan Lovells and Grant Thornton were transaction advisors to ACON. About ACON Investments ACON Investments, L.L.C. is a Washington, D.C.-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States, Latin America and Europe. With professionals in Washington, D.C., Dallas, Los Angeles, New York, Bogotá, Madrid, Mexico City and São Paulo, ACON has managed $7.2 billion in assets since inception and has a 29-year track record. For more information, visit MEDIA CONTACTS: ACON Meena TheverPartner, Head of Capital Formation and Investor Relationsmthever@ View original content to download multimedia: SOURCE ACON Investments, L.L.C. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
10-06-2025
- Business
- Fashion Network
True Religion reveals new promotions as it enters next growth phase
True Religion has promoted two of its current executives Kristen D'Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. In addition to serving as the Los Angeles-based brand's chief marketing officer, a role she has served in since 2023, D'Arcy has now added the title of head of digital growth. The executive will be tasked will driving digital growth, improving True Religion's digital experience and customer service, and increasing website conversion. 'In this expanded role, I'm now also responsible for our e-commerce business and focused on driving its double-digit growth year over year, which we'll achieve by improving our digital experience, increasing website conversion and keeping our customers coming back with a best-in-class customer service solution,' said D'Arcy. 'My other priorities include continuing to partner with the right talent and creating 360-degree, digital-first campaigns that support the women's business while driving profitable new customer acquisition and customer LTV.' Likewise, Blake, currently senior vice president of men's and women's design and brand image, has been promoted to creative director and senior vice president of design, merchandising and brand image. She now manages the company's merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. "My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' No executive departures were announced as result of the two promotions. 'In support of our goal of reaching $1 billion in annual sales in the next few years, I'm extremely pleased to announce the promotions of Kristen D'Arcy and Tina Blake,' said Michael Buckley, CEO of True Religion. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level.' Last month, Borletti Group said it had acquired a minority stake in True Religion, joining ACON Investments to support global expansion, digital development, and retail growth. Terms of the deal were not disclosed.
Fashion Network
10-06-2025
- Business
- Fashion Network
True Religion reveals new promotions as it enters next growth phase
True Religion has promoted two of its current executives Kristen D'Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. In addition to serving as the Los Angeles-based brand's chief marketing officer, a role she has served in since 2023, D'Arcy has now added the title of head of digital growth. The executive will be tasked will driving digital growth, improving True Religion's digital experience and customer service, and increasing website conversion. 'In this expanded role, I'm now also responsible for our e-commerce business and focused on driving its double-digit growth year over year, which we'll achieve by improving our digital experience, increasing website conversion and keeping our customers coming back with a best-in-class customer service solution,' said D'Arcy. 'My other priorities include continuing to partner with the right talent and creating 360-degree, digital-first campaigns that support the women's business while driving profitable new customer acquisition and customer LTV.' Likewise, Blake, currently senior vice president of men's and women's design and brand image, has been promoted to creative director and senior vice president of design, merchandising and brand image. She now manages the company's merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. "My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' No executive departures were announced as result of the two promotions. 'In support of our goal of reaching $1 billion in annual sales in the next few years, I'm extremely pleased to announce the promotions of Kristen D'Arcy and Tina Blake,' said Michael Buckley, CEO of True Religion. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level.' Last month, Borletti Group said it had acquired a minority stake in True Religion, joining ACON Investments to support global expansion, digital development, and retail growth. Terms of the deal were not disclosed.
Fashion Network
10-06-2025
- Business
- Fashion Network
True Religion reveals new promotions as it enters next growth phase
True Religion has promoted two of its current executives Kristen D'Arcy and Tina Blake, as the U.S. fashion brand looks to grow it business less than one month after a minority investment from the Borletti Group. In addition to serving as the Los Angeles-based brand's chief marketing officer, a role she has served in since 2023, D'Arcy has now added the title of head of digital growth. The executive will be tasked will driving digital growth, improving True Religion's digital experience and customer service, and increasing website conversion. 'In this expanded role, I'm now also responsible for our e-commerce business and focused on driving its double-digit growth year over year, which we'll achieve by improving our digital experience, increasing website conversion and keeping our customers coming back with a best-in-class customer service solution,' said D'Arcy. 'My other priorities include continuing to partner with the right talent and creating 360-degree, digital-first campaigns that support the women's business while driving profitable new customer acquisition and customer LTV.' Likewise, Blake, currently senior vice president of men's and women's design and brand image, has been promoted to creative director and senior vice president of design, merchandising and brand image. She now manages the company's merchandising organization, overseeing all men's and women's merchandising, in addition to design for all of the brand's digital channels. "My priorities, from a high-level business perspective, aren't changing. I'm here to drive growth in the business by creating great product and a great, aspirational brand image,' said Blake. 'In terms of merchandising, our team has been doing an amazing job, so I'm looking more at optimizing processes, focusing on specific category growth, dialing in how we leverage trend data and making sure we're always looking forward from a product perspective.' No executive departures were announced as result of the two promotions. 'In support of our goal of reaching $1 billion in annual sales in the next few years, I'm extremely pleased to announce the promotions of Kristen D'Arcy and Tina Blake,' said Michael Buckley, CEO of True Religion. 'Kristen and Tina have been key to driving the growth of our digital and women's businesses and in their newly expanded roles, they'll have even greater resources and ability to accelerate our business and take True Religion to the next level.' Last month, Borletti Group said it had acquired a minority stake in True Religion, joining ACON Investments to support global expansion, digital development, and retail growth. Terms of the deal were not disclosed.
