PSB Industries has announced on Wednesday, October 30, that it had completed the combination of its subsidiary Texen with Quadpack under a single group, thus creating a new beauty packaging giant.
Alexandra Chauvigné is appointed as CEO of PSB Industries and will be managing both the Quadpack and Texen entities. As part of the process, Quadpack Industries SA will be delisted from the Euronext Growth stock market in Paris.
Top 5 leading cosmetics packaging companies
The combination places PSB Industries in the Top 5 cosmetics packaging companies worldwide. The group is able to offer its clients both ready-to-use and tailor-made solutions.
The group operates industrial facilities in six countries, as well as an expanded network of suppliers.
However, Texen and Quadpack will operate as standalone businesses, each maintaining their unique model and their “commitment to nurturing their close customer relationships.”
PSB Industries said a strategic plan is scheduled to be drawn up to explore synergies and accelerate innovation, with the long-term objective to transform the group into a leader of the beauty packaging sector’s eco-transition.
François-Xavier Entremont, chairman of PSB Industries’ Board of Directors said: “We look forward to this new phase in our evolution where the shareholders see great potential for growth. We are confident that, with Alexandra at the helm of the group, bringing her extensive experience in the packaging sector, the value created by the combined group will be significantly amplified, with a knock-on effect on all stakeholders.”
