全球包材巨头Aptar战略入股中国金雨科技 美妆包装行业加速整合
中国美妆包材市场迎来重大变革。据《化妆品观察》独家消息，全球药物与美妆包材巨头Aptar集团（市值约105亿美元）已完成对中国头部包材商宁波金雨科技的战略投资，获得40%股权成为第二大股东。
Major changes are coming to China's cosmetic packaging market. According to exclusive reports from Cosmetics Observer, global packaging giant Aptar Group (market cap ~$10.5B) has completed strategic investment in leading Chinese packaging supplier Ningbo Jinyu Technology, acquiring 40% stake to become second largest shareholder.
此次交易细节虽未公开，但消息人士透露双方自8月起接洽，原计划全资收购因价格分歧转为战略入股。交易完成后，金雨创始团队保留控股权（合计60%），Aptar获得董事会席位。
While transaction details remain undisclosed, sources indicate negotiations began in August, with initial acquisition plans shifting to strategic investment due to valuation differences. Post-transaction, Jinyu founders retain control (60% combined) while Aptar gains board seats.
关于金雨科技：成立于1995年，年销售额超3.65亿元，80-90%产品出口欧美，客户包括联合利华、欧莱雅等国际品牌。拥有完整产业链和氧化铝配件生产能力。
About Jinyu Technology: Founded in 1995 with annual sales exceeding ¥365M, exporting 80-90% products to Europe/America serving clients like Unilever and L'Oréal. Possesses complete supply chain and aluminum component production capabilities.
Aptar的中国布局：这已是其在中国第二次投资本土包材商（2019年收购比优特49%股权）。近年来持续加码中国市场，包括：
- 2018年设立苏州中国总部
- 2019年广州建厂投资5亿元
- 2024年亚洲最大单笔投资（1亿美元）建设智能化研发总部
Aptar's China Strategy: This marks its second investment in local packaging suppliers (acquired 49% of BTY in 2019). Recent China investments include:
- 2018: Established China HQ in Suzhou
- 2019: ¥500M factory in Guangzhou
- 2024: $100M smart R&D headquarters (largest Asian investment)
行业整合趋势明显：全球包装行业近期出现多起大型并购，包括安姆科84亿美元收购贝里国际。中国包材市场也呈现"强者愈强"态势，订单加速向头部企业集中。
Clear industry consolidation trend: Recent major M&As include Amcor's $8.4B acquisition of Berry Global. China's packaging market shows "winner takes all" dynamics with orders increasingly concentrating in leading firms.
专家分析指出，此次合作将帮助Aptar：
- 增强中国本地化生产能力
- 优化全球供应链效率
- 巩固美妆包材市场领导地位
Expert analysis suggests this partnership will help Aptar:
- Strengthen local production capacity in China
- Optimize global supply chain efficiency
- Consolidate leadership in cosmetic packaging
随着美妆市场增速放缓，包材行业面临深度调整。企业需通过规模化扩张或差异化竞争才能在整合浪潮中生存发展。
With slowing growth in cosmetics market, packaging industry faces significant restructuring. Companies must pursue either scale expansion or differentiated competition to survive the consolidation wave.
