French packaging company Albéa has acquired Chinese-based Zhongshan Meiquan Plastic Products, belonging to the Tex R.L. group. Zhongshan Meiquan Plastic Products, better known as Tex China, manufactures packaging for the cosmetics and perfumery sectors.
Located in Guangdong Province in China, Tex China has 700 employees and three factories specializing in the production of mascara, lip gloss, lipstick, pots and cases. In 2011, the company recorded a turnover of $20 million, of which 80% came from exports.
With five production sites throughout China and a sales office in Shanghai, Albéa continues to strengthen its presence in the Chinese market, the company stated....