Focused on three businesses (beauty packaging with Texen, custom packaging with CGL Pack, and specialty chemicals with Baikowski) and four main markets (beauty, pharmaceuticals, food and lighting), the PSB Industries group confirmed its strength in fiscal year 2012, with revenues up 1.2% (to 248.1 million euros), of which 62% were generated through export. As announced, fiscal year 2012 ended with excellent growth momentum, the second half-year posting an overall growth of 4%.
N°4 worldwide in plastic packaging for the cosmetics and perfume industry
The group holds significant shares of each market where it is operating. Thus, PSB Industries is n°1 worldwide in fine mineral products for lighting and n°1 in France in custom thermoformed packaging.
As far as plastic packaging for the cosmetics and perfume industry is concerned, the group ranks n°4 worldwide. It is also in this area, mostly in plastic injection, that the group generates, with Texen, the majority (63%) of its turnover, with prestigious customers such as L’Oréal Paris, Lancôme, Chanel, Dior, Guerlain, Coty, Yves Laurent, Clarins, Yves Rocher, Estée Lauder, etc.
In this sector, the group achieved record sales in 2012, with 25 new launches (Chanel, Guerlain, Jimmy Choo...) in France and abroad, in particular in the United States, and its first inroads in the spirits market.
New growth opportunities
On fiscal year 2013, the group anticipates sales growth of close to 5%, and an operating profit of approximately 8% of revenues.
According to Olivier Salaun, the new President & CEO of PSB Industries since late 2012, these good prospects give the group opportunities for strategic innovation. “2013 is a new step in building the PSB Industries Group of tomorrow and we can confidently develop our future strategy that will be unveiled at the end of this halfyear. Our ambition and strategic orientations will focus increasingly on our markets,” he said.
Broadly speaking, the group wants to strengthen its position in North America, where Texen made first inroads in 2008 with the acquisition of Mar-Lee Companies, but also in Asia (Indonesia, China, India) where Texen will have to support its customers. As far as South America is concerned, the group, which owns a factory in Mexico, seeks the best way to serve the Brazilian market.
"When it is about perfumes and cosmetics, we also know that we are very close from other sectors. We have already identified interesting development opportunities in the spirits market. We’re also considering what is happening in the pharmaciteucals sector. However, these whole issues are still under consideration," adds Olivier Salaun.
Concerning the scope of the group, the management of PSB Industries says that all options are possible: from acquisition to divestment. In the beauty packaging industry however the trend is clearly to the consolidation of the main operators, in particular as some regionally-sized SMEs could be interested to acquire.
Answers will come very soon.
