mynth
05/2018

REBOUL acquired by APTARGROUP

FRANCE Chemicals & Materials / Packaging & Containers / Metal Packaging EV 10M - 30M EUR

Context

AptarGroup has finalized the 100% acquisition of Reboul S.A.S. from Vacheron Industries in an all-cash corporate transaction. The acquisition strengthens the buyer's structural capabilities within the high-growth color cosmetics vertical by integrating Reboul's highly specialized expertise in custom metal casing and engineered lipstick mechanisms. The investment thesis centers on consolidating market share in premium beauty packaging by absorbing a recognized player with innovative technologies. For AptarGroup, the strategic rationale focuses on leveraging its existing, extensive global commercial network to cross-sell Reboul's high-end technical solutions. Under the post-closing operational framework, substantial geographical and industrial synergies are unlocked, as Reboul's manufacturing facility in Annecy is strategically located near Aptar’s pre-existing corporate operations, ensuring a seamless integration of supply chains and production capacities.

REBOUL, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Reboul operates as a historic and highly specialized manufacturer within the luxury packaging and beauty technology sector, focusing on the design and production of high-end metal components for the global cosmetics industry. The company’s business model centers on complex B2B engineering and industrial fabrication, specializing in deep metal drawing, high-speed metal stamping, and the precise manufacturing of lipstick mechanisms and multi-material metal-plastic sub-assemblies. The entity's value proposition is anchored in its long-standing technical heritage, artisanal excellence, and premium industrial know-how, which has earned it the prestigious "Entreprise du Patrimoine Vivant" (Living Heritage Company) designation from the French government. Headquartered in Chavanod (France), Reboul serves as a critical tier-one supplier to a sticky customer base of prestigious global beauty brands that require high aesthetic fidelity and rigorous functional reliability for their product packaging. Its commercial strategy focuses on leveraging its unique metal-forming expertise to secure exclusive, long-term development partnerships with major luxury houses worldwide.

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REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of REBOUL by APTARGROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).