Consumer industry-focused private equity firm L Catterton, formerly known as Catterton Partners, and European private equity firm Ambienta SGR SpA have joined hands to buy plastic packaging company Pibiplast.
Italy-based Pibiplast provides personal care plastic packaging solutions for beauty and personal care products. The Bosi family, which founded and owns the company, will retain a minority stake.
Financial terms of the transaction were not disclosed.
L Catterton's partners include French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton SE.
