Motion Equity Partners invests in Tournaire group alongside its founding family
Motion Equity Partners has acquired a majority stake in Tournaire Group, an historical leading global player in high-barrier packaging, alongside its founding family, which retains a significant share of the capital.
Founded in 1833, Tournaire relies on nearly two centuries of expertise in the design, manufacture and sale of high-barrier packaging solutions, mainly in aluminium (ranging from 15mL to 32L) used to safely store, sample, ship and market high value / noble materials (essential oils, active ingredients, solvents, etc.). As a strategic partner, the Group has a diversified portfolio of more than 900 clients operating in resilient and dynamic sectors such as pharmaceuticals, flavors & fragrances, agro-chemicals, chemicals and food ingredients. The one-piece technology and high-barrier properties of Tournaire’s aluminium solutions perfectly meet their requirements in terms of performance and recyclability.
Historically rooted in Grasse, the world’s perfume capital, the Group operates there its main production site and benefits from a unique industrial know-how. Tournaire also operates a manufacturing site located in Fragnes (Saône-et-Loire) dedicated to the production of high-barrier plastic packaging as well as sales offices in the United States and Vietnam. Tournaire distributes its solutions in 80 countries worldwide and employs nearly 300 people. In 2021, the Group realized +90m€ Sales.
On the eve of Tournaire’s 190th anniversary, the family shareholders of the Group wish to give themselves additional resources to seize the numerous opportunities of growth available to the Group. In order to keep on supporting the growing needs of its clients in particularly dynamic markets, the founding family has chosen to build a strategic and financial partnership with Motion Equity Partners, a private equity investor with a strong entrepreneurial culture and relevant track-record in such projects.
In the coming years, the objective will be to consolidate Tournaire’s positions in its historical markets, and to accelerate the development of the Group, both internationally and in high potential application markets. All this while continuing to provide a service of excellence to its clients, with a focus on innovation and environmental protection. Post-operation, the historical shareholders will retain a significant share of the capital, offering the Group a real continuity.
“Motion Equity Partners has an ambitious project for Tournaire, with a long-term approach. Their rapid understanding of the stakes of the Group and its markets quickly convinced us of the relevance of this new strategic partnership. This project is a great opportunity to reinforce our organization as well as our shareholding structure via a long-term partnership with a professional investor and boost our development, while preserving our values, our autonomy and the strengths that make our success. This operation will allow Tournaire to move forward and invest even more in innovation and in our operations” declared Jeanne Lions, CEO of Tournaire.
“We are particularly proud to support Tournaire in this new step of development alongside the founding family. The Group has established itself as a French industrial flagship and one of the leading players in high-performance industrial packaging, offering solutions recognized by its clients. Leveraging our expertise in the field of renewable packaging, we will build an ambitious roadmap, capitalizing on a rich heritage as well as strong corporate values” said Patrick Eisenchteter and Anthony Baudoin, Partners at Motion Equity Partners.