Written on: October 23, 2023 by SprayTM
Colep Packaging and the Envases Group have signed a joint venture agreement for the construction of an
aerosol packaging plant in Mexico.
The agreement, which is based on a 50/50 shareholding, will represent a total initial investment of more than
$30 million over a period of two years.
In its first stage, the new plant will focus its production on three aluminum aerosol lines. The aim is to serve
customers in Mexico as well as the entire Central America market using this production unit.
Said Paulo Sousa, CEO of Colep Packaging, “This is an important step in delivering our company’s strategy,
affirming its competitive position in the aerosol market and strengthening its activity in the aluminum segment,
which began with the acquisition of 40% of the Spanish company ALM, in 2022”.
Said Martin Guaita, CEO of Envases Group, “This new agreement reinforces and strengthens our group’s
determination to continue with regional expansion in the manufacturing of aluminum and tinplate containers.
This milestone consolidates our position in the American market, expanding our presence and reputation as
leaders in the industry. Envases Group is delighted to partner with Colep Packaging, a combination of two
highly complementary and well–invested businesses.”
This agreement, which brings together the expertise, market knowledge and standards of the two players in the metal packaging industry, will make it possible to serve the North and Central American clients more closely and present a competitive offer in terms of portfolio, production capacity and lead times, reinforcing the high levels of service that characterise both companies and which are decisive in the current market context, the companies said in a joint statement.
For both Envases Group and Colep Packaging, a RAR Group company, this is an important step in consolidating
their growth journey and reveals their ambition to take a prominent position in new geographies, enabling the
companies to respond closely and proactively to the challenges of the global packaging market, the companies said.
