PSB Industries, an industrial group operating in the luxury and beauty packaging business through its subsidiary Texen, signed an agreement to acquire US company C+N Packaging Corporation with a view to its integration into the grup’s Beauty Packaging Business Unit.

C+N Packaging is a highly regarded global plastic packaging manufacturer for prestigious Beauty and fragrance customers such as Avon, Estée Lauder, and Elizabeth Arden, with plants in North America and Poland (injection molding and metallization).

As of 2014, this first strategic acquisition will enable the group to step up its international growth in the Luxury & Beauty market by enriching its client portfolio, strengthening its industrial and commercial position in North America, reinforcing its presence in the Fragrance segment,PSB Industries says.