HCP Group, formerly known as Zhongxing Plastic Factory, is a comprehensive manufacturer mainly producing advanced cosmetic container packaging materials and containers. Its main customers include Procter & Gamble, L’Oreal, Estee Lauder, Shiseido, Kose and other internationally renowned brands. Currently, HCP is the world’s third largest, China’s largest supplier of cosmetic packaging containers. The Carlyle Group announced that it has agreed to acquire a 100% stake in HCP Group from an affiliated fund of Barings Asia (BPEA). The deal is expected to close in the third quarter of 2022, and Carlyle did not disclose the exact amount. According to previous media reports, Baring Asia’s bid for HCP is US$1.5 billion.
This article is reprinted from: https://www.itjuzi.com/merger/8935
This site is for inclusion only, and the copyright belongs to the original author.