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Plastic packaging stays private: Albea withdraws $150 million IPO

July 14, 2016

Albea, a global manufacturer of plastic packaging for beauty products, withdrew its plans for an initial public offering on Thursday. It originally filed in July 2014 with a proposed deal size of $150 million.

The Gennevilliers, France-based company was founded in 2004 and booked $1.6 billion in sales for the 12 months ended June 30, 2014. It had planned to list on the NYSE under the symbol ABEA. BofA Merrill Lynch, J.P. Morgan, Goldman Sachs, Baird, Barclays and BMO Capital Markets were set to be the joint bookrunners on the deal.