KAIZAHARRA CORPORACION EMPRESARIAL (KCE), owner of the CTLpack Group (formerly TUBOPLAST), has finalized an agreement for the sale of 100% of the capital of its subsidiary, CTLpack USA, located in Charlotte, North Carolina, to the ICONS Group. The agreement, concluded this week, includes continued collaboration between CTLpack Group and ICONS Group to supply components for the manufacture of cosmetic tubes, as well as providing technical assistance services.
The closure of CTLpack Barcelona (formerly TAPSER) took place on July 31, 2023, with the laminated tube manufacturing facilities transferred to CTLpack’s plant in Vitoria. This transfer has already been completed, and laminated tube production at the Vitoria plant is now operational.
Both the transfer of CTLpack Barcelona and the sale of CTLpack USA, along with the ongoing investment and modernization plan, are part of KCE’s strategy to strengthen the position of CTLpack Group as one of Europe’s leading companies in cosmetic and pharmaceutical tube packaging. As a result, the design and technological capabilities of the Vitoria plant will be enhanced, and the manufacturing capabilities of both the Vitoria and Vichy (France) plants will be modernized.