ACON Investments, L.L.C. announced today that it has completed the acquisition of a leading supplier of the direct selling industry in the Andean Region.
Pieriplast S.A.C., a Peruvian supplier of luxury high-end, customized packaging solutions for the direct sales cosmetics industry, along with Intecplast S.A.S., a leading Colombian rigid plastic packaging manufacturer focused on personal care, cosmetics and pharmaceuticals will be consolidated under a new holding company, Amfora Packaging S.A.S to form one of the largest pan-Andean plastic packaging companies with over 800 employees and production facilities in Lima, Peru and Bogota, Colombia.
ACON’s investment in Amfora supports the existing management of Intecplast and Pieriplast. Mr. Jose Alejandro Arango, the CEO of Intecplast, will become Amfora’s CEO and Mr. Renato Pierinelli, founder and former CEO of Pieriplast, will retain an important equity stake in Amfora and will become both