Recently, according to reports, sources familiar with the matter revealed that U.S. investment firm Blackstone Group has mandated Citigroup to begin preparations for a potential sale of ShyaHsin Packaging.
According to the report, the source said that Blackstone has set a minimum valuation of at least $1 billion for the potential transaction, and the sale process may begin later this year.
In addition, the source noted that other private equity investors as well as industry players have already expressed interest in acquiring ShyaHsin Packaging. However, Blackstone has not yet made a final decision and may still choose to continue holding the company for the time being.
Public information shows that ShyaHsin Packaging was founded in Taiwan, China in 1970, and is currently headquartered in Kunshan, Jiangsu. The company focuses on the R&D, design, and manufacturing of cosmetic packaging containers, serving clients including L’Oréal, Procter & Gamble, Chanel, and Louis Vuitton. In 2017, Blackstone completed the full acquisition of ShyaHsin Packaging, with reports at the time suggesting the deal was valued at $800–900 million.
It is also worth noting that at the end of last year, public reports indicated that ShyaHsin Packaging plans to invest €16.86 millionto build a high-end cosmetic packaging production base in Portugal. The facility is expected to be completed on October 31, 2026, and may become one of the largest cosmetic packaging factories in the region.
