Colep Packaging and the Envases Group have signed a joint venture agreement for the construction of an aerosol packaging plant in Mexico.
The agreement, which is based on a 50/50 shareholding, will represent a total initial investment of more than $30 million (€28.2 million) over a two-year period.
In the first stage, the new plant will focus its production on three aluminium aerosol lines.
The aim is to serve customers in Mexico as well as the entire Central America market with this production unit.
The agreement brings together the expertise market knowledge and standards of two of the most important players in the metal packaging industry, making it possible to serve North and Central America clients more closely and present a competitive offer in terms of portfolio, production capacity and lead times.
For both Envases Group and Colep Packaging, a RAR Group company, this is an important step in consolidating their growth journey and reveals their ambition to take a prominent position in new geographies, enabling the companies to respond closely and proactively to the challenges of the global packaging market.
Paulo Sousa, CEO of Colep Packaging, commented: “This is an important step in delivering our company's strategy, affirming its competitive position in the aerosol market and strengthening its activity in the aluminium segment, which began with the acquisition of 40% of the Spanish company ALM, in 2022”.
Colep Packaging and Envases Group partner for $30m aerosol packaging plant
