Luxembourg-based caps and closure producer United Caps has acquired Spanish closures manufacturer Embalatap for an undisclosed sum.
Embalatap primarily produces caps and closures for clients in the edible oils and vinegar sectors in Spain, and the company produces in excess of a half billion caps and closures annually.
United Caps says that the acquisition strengthens its own product portfolio, as Embalatap’s product range will now be marketed under the United Caps name.
United Caps has said that all 30 Emabalatap employees will keep their jobs and join the company, and the manufacturing facility in Sopelana, Spain will remain operational.
Benoît Henckes, CEO of United Caps said: “By incorporating Embalatap solutions into our portfolio, we give customers a one-stop shopping experience for a broader range of closure solutions.
“Since there is virtually no overlap in customers or product lines we don’t anticipate discontinuing products from either company in the near term.”
Oscar Rojo, managing director of Embalatap said “We are pleased to be joining the United Caps family.
“As a market leader in caps and closures, United Caps brings us additional market reach, an expanded sales capability and a great support infrastructure, while our line of closures, especially for edible oils, extends United Caps’ portfolio in this lucrative market.
“We look forward to continued growth as part of United Caps.”
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.