Vabel Group completed the acquisition of SARBEC Cosmetics.

Vabel Group, a manufacturer and distributor of luxury brand perfumery and cosmetics bottles, completed the acquisition of SARBEC Cosmetics, a cosmetics manufacturer. Financial terms were not disclosed. "The time has come for me to pass on and give new impetus to the SARBEC Group that I created, by selling to a recognized industrialist who I am certain will be in line with my human values in ensuring the development of this new Group," Patrick van den Schrieck, SARBEC Cosmetics Founder and Chairman.