Paris, October 7th, 2024
Pinard Group specialises in the design and manufacture of packaging solutions for prestige and luxury brands in the BPC space through Pinard Beauty Pack (PBP) subsidiary and for pharmaceutical customers through its Lablabo subsidiary, the inventor of the bag-in-bottle airless technology.
AREV succeeds IK, which has been a shareholder in the Group since 2017, while the founding family and the management team reinvest.
AREV’s strategy is to capitalize on the technical know-how and strong IP of the Group to build a high end supplier of fully circular plastic packaging solutions for the BPC and pharma sectors. PBP is a Platinum EcoVadis manufacturer of sustainable plastic packaging solutions ranked within the Top 1% globally. As plastics become more and more circular, with 3 major plastic recycling facilities being built in France, the Group will be ideally placed to supply its customers with high end sustainable plastic solutions.
Thomas Pinard, CEO of Pinard, commented: “We are looking forward to working with our new shareholders as we consolidate our position as the leading provider of high-end solutions to the world’s most prestigious and most dynamic brands, building on our unique combination of customer-focus, operating excellence, global reach, technical know-how and passion.”
Xavier Geismar and Julien Lammoglia, Founders of AREV Partners added: “We are excited about our partnership with Thomas and Pierre-Olivier Pinard and the management team and we have high ambitions for the company. We are very impressed with Pinard Group’s strong market positioning based on its superior customer orientation and operational excellence, which is reflected in the company’s growth and performance over the years. Pinard Group is notably an ESG front-runner in the packaging space and this transaction is a great example of AREV’s objective to invest in companies that have a positive impact on society. We will work with the management team to continue strengthening Pinard’s ESG innovation capabilities, accelerating expansion, and by pursuing a synergistic buy-and-build strategy to tap into adjacent market segments and to broaden the product portfolio.”
