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Tournaire > News & events > A strategic, financial partnership to drive development at groupe Tournaire
03 October 2022

A strategic, financial partnership to drive development at groupe Tournaire

A strategic, financial partnership to drive development at groupe Tournaire

Tournaire, the longstanding leader in industrial barrier packaging, is delighted to announce that Motion Equity Partners has taken out a majority stake in the company, alongside the founding family, to set the firm’s sights ever higher while maintaining its very strong identity, values, independence and the strengths that have made it a success.

 

Additional means to boost growth

The European leader for premium packaging solutions in aluminium monobloc, Tournaire is enjoying steadily-increasing turnover in excess of 90 million euros, and now wishes to boost its development even further. On the eve of Tournaire’s 190th anniversary, the family shareholders’ intention is to secure the extra resources needed to seize feasible growth and development opportunities. In order to continue to cater to the growing needs of customers on especially brisk markets, while holding on to a significant share of the capital, the family shareholders have decided to strike up a strategic and financial partnership with Motion Equity Partners, a French capital investment firm with a strong entrepreneurial culture.

 

An ambitious development plan for the coming years

Opening up the capital in this manner is an opportunity for the management team to gear up to achieve greater growth. The aim for the coming years is thus to consolidate  Tournaire’s leading position in its established markets in Europe, boost development abroad, gain a footing in new, high-potential markets, buttress its industrial assets and its commitments to protect the environment, while continuing to provide its customers with excellent service.

“This project is a great opportunity to step up our organisation and shareholdership via a lasting partnership with a professional shareholder, and scale up our achievements, while remaining true to our values, independence and the strengths that have made our firm a success. This operation will give Tournaire the chance to expand and invest yet further in innovation and its industrial facilities,” explained Jeanne Lions, President of Tournaire.

 

Motion Equity Partners, a spot-on choice

Motion Equity Partners is well-accustomed to handling this type of project, and as a result was unanimously chosen by all longstanding shareholders as their long-term strategic and financial partner. Motion Equity Partners is a major, independent player in capital investment in France and Europe, providing support for top French firms with great potential, alongside the families and managerial teams aiming to expand their firm. As well-rounded experts in the packaging industry, Tournaire’s customer base and markets, Motion Equity Partners will share their know-how to help the management team as they hone and implement their ambitious growth strategy.

Jeanne Lions, President of the Tournaire group, shared that “Motion Equity Partners has ambitious plans for Groupe Tournaire, taking a long-term approach. They soon gained valuable insights into the firm and its markets, convincing us that our choice of strategic partner was spot-on”.

Patrick Eisenchteter and Anthony Baudoin, Associates at Motion Equity Partners stated that “We are especially proud to be supporting Tournaire in this next stage of development alongside the founding family. As a shining example of French manufacturing, Tournaire has set the benchmark for speciality packaging, offering solutions endorsed by its customers. Drawing on our experience in renewable packaging, we will be charting a far-reaching course, leveraging our rich experience and strong corporate values”.

 

About Groupe Tournaire

Founded in 1833, Tournaire was among the first distillers of perfume plants established in Grasse. It now harnesses savoir-faire accumulated over the course of nearly two centuries to produce and market high-performance industrial packaging, mainly in aluminium, for samples, storage and the shipping of premium materials (ingredients & active ingredients, solvents, aromas, essential oils etc.). Tournaire has a diversified portfolio of over 900 clients operating in resilient, promising industries such as pharmaceuticals, aromas and perfume, ingredients, fine chemicals and agrochemicals. Long established in Grasse, the world capital for perfume, Tournaire has its main production plant there, leveraging unique industry knowledge. The firm also has another plant in Fragnes in the east of France, which specialises in producing high-performance plastic packaging, and sales subsidiaries in the US and Vietnam. Tournaire markets its solutions in 80 countries and has a payroll of nearly 300 employees. In 2021, the group posted turnover in excess of €90 million.

 

About Motion Equity Partners

With over 25 years’ experience supporting mid-market companies in France and abroad, collaborating alongside their management teams, Motion Equity Partners has forged a great reputation in capital investment. As an independent entity with €1 billion in assets under management, Motion Equity Partners deploys a seasoned team with a strong entrepreneurial spirit, with a track record of over 50 capital investment operations in France and abroad. Motion Equity Partners has supported the development of 17+ small and mid-market companies and has gained sound experience and know-how in industries such as renewable packaging, health and nutrition, supporting companies such as Omni-Pac Group (European leaders on the market for moulded fibre packaging), Olmix (world specialists for natural farming solutions) EA Pharma (pharmaceutical firm specialising in oligotherapy, nutrition and health) and Diana Ingrédients (world supplier of innovative natural ingredients).

Motion Equity Partners is a responsible, experienced investor with a commitment to sustainable development. As a capital investor in small and medium sized companies, Motion Equity Partners has always made responsible shareholdership a strict requirement. Reconciling economic development, social progress and the need to reduce our environmental footprint is indispensable to the development of a prosperous, sound economy.

Find out more on: www.motionequitypartners.com

 

Press Officer: Sylvie Poillevé, L’ambassade

Sylvie Poillevé : sylvie.poilleve@lambassade.agency – +33 (0)6 69 46 59 24

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