Private equity fund CITIC Capital China Partners III has closed the acquisition of plastic and metal packaging solutions supplier Axilone from Oaktree Capital Management.

Operating through subsidiaries in France, Spain, the US and China, Axilone offers solutions to beauty and personal care companies worldwide.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Founded in 1971, the company has strengthened its position in the premium lipstick space.

“Axilone enjoys an absolute leadership in the premium lipstick packaging, as well as other skincare and perfume packaging.”

CITIC Capital senior managing director Hanxi Zhao said: “We see remarkable growth potential and in the premium beauty care packaging sector, as global beauty players try to compete to communicate their brands and differentiate themselves from their peers.

“Axilone enjoys an absolute leadership in the premium lipstick packaging, as well as other skincare and perfume packaging.

“It owns the best-in-class facilities across the globe and has strong technical know-how, enabling it to provide world-class quality and service to our customers.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Axilone Plastics offers caps, jars, and galvanised and metallised collars and jars to the makeup, fragrance and skincare markets.

Axilone CEO Laurent Chevallier said: “The whole management is very excited and committed to work with CITIC Capital, and we are confident that through continued geographic expansion and product category expansion in the next few years, we can take the success to the next level.”