09.25.23
Luxury Cosmetic Solutions Holdings S.à r.l. (Investindustrial), is set to acquire 51% of Virospack, the leading global manufacturer of premium cosmetics droppers.
Headquartered in Badalona, Virospack is the leading developer and manufacturer of droppers for the beauty industry for skincare, hair, nails and liquid make-up products. It is the largest manufacturer globally, and export sales represent more than 90% of total annualized revenues of approximately €60 million, with products distributed to more than 20 countries across four continents. Virospack, known as “the dropper company,” serves all major global brands in the cosmetics industry.
In the past 10 years, Virospack has invested approximately €60 million to build additional manufacturing capacity in a 21,000 sqm complex in Barcelona. Virospack is currently
“significantly” expanding its manufacturing area by more than 50% over the next three years. In addition, Virospack is advancing its sustainability program encompassing circular economy concepts in the design and production of their products along with its customers.
Virospack is led by executive chairman Vicens Rodriguez, son of Virospack’s original founder. Established in 1956 and with nearly 70 years of experience of pharmaceutical and cosmetics packaging, today Virospack manufactures over 120 million droppers and spatulas and more than 20 million bottles annually and employs almost 400 people.
Investindustrial’s investment in Virospack is part of a strategy to invest a relevant amount of the firm’s latest €1.1 billion growth fund—raised earlier this year—in Iberian companies to support their growth and, in particular, to accelerate their globalization. With this acquisition, Investindustrial continues to invest in Spain.
Headquartered in Badalona, Virospack is the leading developer and manufacturer of droppers for the beauty industry for skincare, hair, nails and liquid make-up products. It is the largest manufacturer globally, and export sales represent more than 90% of total annualized revenues of approximately €60 million, with products distributed to more than 20 countries across four continents. Virospack, known as “the dropper company,” serves all major global brands in the cosmetics industry.
In the past 10 years, Virospack has invested approximately €60 million to build additional manufacturing capacity in a 21,000 sqm complex in Barcelona. Virospack is currently
“significantly” expanding its manufacturing area by more than 50% over the next three years. In addition, Virospack is advancing its sustainability program encompassing circular economy concepts in the design and production of their products along with its customers.
Virospack is led by executive chairman Vicens Rodriguez, son of Virospack’s original founder. Established in 1956 and with nearly 70 years of experience of pharmaceutical and cosmetics packaging, today Virospack manufactures over 120 million droppers and spatulas and more than 20 million bottles annually and employs almost 400 people.
Investindustrial’s investment in Virospack is part of a strategy to invest a relevant amount of the firm’s latest €1.1 billion growth fund—raised earlier this year—in Iberian companies to support their growth and, in particular, to accelerate their globalization. With this acquisition, Investindustrial continues to invest in Spain.