ILEOS, a major player in packaging for the beauty & health industry, announced Tuesday that it has entered into an agreement to take a majority stake in MAPPEL, a company specializing in the manufacture and filling of unit doses and samples, a Brazilian market leader in its field.

MAPPEL, established in 1970 by Marion Appel has 230 employees on two production sites based in San Paolo. The company posted a turnover of 25 million euros in 2010, with strong continued growth.

ILEOS, managed by Philippe Gelblat employs 4000 people in 14 locations in Europe, the United States and China; and in 2010 recorded a turnover of 275 million euros. This external growth reinforces the leadership of ILEOS in the manufacture of unitdoses and samples for the cosmetics industry through BIOPLAN, managed by Ludovic Anceau.

After the integration of MAPPEL, ILEOS will achieve a turnover of 300 million euros, thus confirming its position as global leader in packaging for the Beauty and the Healthcareindustries, and allowing it to expand its international influence in a geographical area with huge potential.

This acquisition fits perfectly with the strategy implemented for several years now by Ileos' Direction, which aims to support its key customers in the field of beauty and healthcare whilst strengthening its position in high growth areas.

Philippe Gelblat, President of ILEOS reiterated the company’s delight to bring this great company, MAPPEL, into the ILEOS family; noting that the move offers ILEOS the opportunity to develop its know-how and serve its customers in Brazil which has such great potential. Marion Appel will continue to lead the company.

Marion Appel, President of MAPPEL separately reiterated the company’s delight to have the partnership with such a strong and renowned Group, noting that it brings an international perspective to MAPPEL that complements its existing position in Brazil and gives significant potential for Innovation and Industrial synergies.

ILEOS, subsidiary of 21 CP, is a major player in Beauty and Healthcare packaging, employing 4,000 people in Europe, the USA and China. With its Beauty Division, grouping AXILONE and BIOPLAN and its Graphic Division, including PACKETIS and ALLIORA, ILEOS achieved a turnover of 275 million euros in 2010. The partnership greatly enhances the ILEOS position in Brazil and the Latin American expanse.

5th June 2011