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L Catterton, Ambienta to buy Italian packaging company

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.