ICONS Beauty Group Acquires USA Tube Manufacturer


Singapore-based ICONS Beauty Group has announced the 100% acquisition of CTL Packaging USA, Inc., based in Charlotte, NC. CTL will now operate as ICONS America LLC. The CTL facility specializes in the production of injection molded tubes using In-Mold Label (“IML”) technology for the beauty and health industry, “providing high-quality decorative capabilities and luxury finishing.”
 
CTL was founded in 2011 as part of CTLpack Group S.L.U., an established Spanish tube manufacturer for beauty and health products. The facility will merge into ICONS Beauty Group, which is headquartered in Singapore, to broaden its capabilities with “made-in-USA quality products.”
 
ICONS has an over 30-year history of providing beauty and health customers with quality packaging products such as tubes, bottles, jars and accessories. Recently, ICONS has started production of sustainable rigid packaging products from its group factory in Thailand, bringing more diversity to the supply chain. In addition, ICONS has a factory in Sydney, Australia, producing hair treatments, personal care and skincare for specialty brands in Australia, USA and Europe.
 
Sue Nichols, CEO of ICONS Group, said, “The acquisition provides customers with a USA onshore manufacturing solution which reduces the carbon footprint by manufacturing close to their customers and shortening the shipment delivery lead time. We look forward to delivering a broad selection of innovative and cost-efficient quality products to our customers.”



Source link

About The Author

Scroll to Top