21 France to sell Nord-Est

December 29, 2011


21 Centrale Partners is pleased to announce the sale of Nord-Est, a leading global player in packaging, boasting a broad international footprint, state-of-the-art industrial processes, and a reputation for delivering the highest standards of quality to its clients.

21 took the company private in 2007 after a spin-off its non-strategic activities, in order to refocus the group on its core business of packaging and establish a leading global player in the sector. Under the 21 impulse, Nord-Est rationalized its industrial footprint and reorganized its production apparatus with a constant attentiveness to client needs. Moreover, the group considerably accelerated its international development, entering new high-growth markets through product development as well as build-ups, in France and most recently in Brazil, making Nord-Est the world leader in sample packaging for the cosmetics industry.

Nord-Est also improved internal organization and operational efficiency, and fostered organic growth through sales efforts. The company became very resilient, and is ideally positioned to continue on a path of further growth. 

Gérard Pluvinet, Founding Managing Partner of 21 Centrale Partners commented: "Nord-Est is a prime example of 21 s vocation to create a bridge between industry and finance: executing a complex transaction, repositioning the company and redeploying business internationally, allowing to create substantial value in a challenging environment".

Edouard Silvy, Chairman of the Nord-Est group added:" The support of 21 Centrale Partners was instrumental in taking Nord-Est to the next level of industrial development and in growing the company as a leading global player ".

21 Invest France completes its management transition

Announced in 2017, the new governance is now effective and François Barbier becomes CEO of 21 Invest France, succeeding Gérard Pluvinet who joins the Supervisory Board. Meanwhile, the team has signed four acquisitions for its new Fund, which now counts five investments in total.
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