PHI Industrial has sold Covit to Albéa a portfolio company of Sun Capital
Covit is a leader in the drawing, anodizing, assembly and decoration of metal parts for packaging products, serving mainly the perfumery and cosmetic industries. Main products include caps, collar, packaging accessories and cases for lipsticks. This acquisition provides Albéa with global Metal capabilities and expertise while building a strong, global supplier of metal parts.
Lincoln International (“Lincoln”) acted as the lead investment banking advisor for PHI Industrial and Covit, working closely with the Company’s management team and shareholders throughout the sale process. Lincoln provided advisory expertise, managing the preparatory, marketing and final phases of the transaction.
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