Follow us twitter facebook
Edition: Global
Click here to subscribe toour free weekly newsletter click here
Industry buzz

PSB Industries to refocus on its beauty business

The PSB Industries group has entered into exclusive negotiations with Faerch Plast, a leading European thermoformed plastic packaging provider for the food industry, concerning the disposal of its Food & Distribution division.

Recently reorganized under the management of Ludovic Anceau, the Luxury & Beauty division of PSB Industries accounted for 50% of the group turnover, prior to the sale of CGL Pack.

Recently reorganized under the management of Ludovic Anceau, the Luxury & Beauty division of PSB Industries accounted for 50% of the group turnover, prior to the sale of CGL Pack.

This strategic decision highlights PSB Industries Group’s ambition to streamline its portfolio of activities and have new investment capabilities to support its growth and accelerate the development of its internationally recognized know-how,” says the company in a release.

The division, which comprises all the CGL Pack entities, is one France’s leading thermoformed custom-made plastic packaging provider, serving clients mostly in the food and healthcare industries. CGL Pack recorded revenues of EUR 48 million in 2017 and employs around 250 people on two production sites in Annecy and Lorient.

The EUR 81.5 million transaction is expected to be consummated by July 2018, after the conclusion of definitive agreements subject to customary conditions for this type of operation, and following the employees and workers’ council information process.

PSB Industries, which was so far focusing on three businesses (beauty packaging with Texen, custom packaging with CGL Pack, and specialty chemicals with Baikowski), recently announced the reorganisation of its Luxury & Beauty division under the management of Ludovic Anceau.

© 2018 - Premium Beauty News - www.premiumbeautynews.com
latest news
Focus
Luxe Pack New York is moving to The Javits Center for the 2019 edition, to be held May 15-16

Luxe Pack prepares for its second Los Angeles edition and announces new venue in New York

With the beginning of a successful extension in California, 2018 proved to be a momentous year for Luxe Pack, the business to business tradeshow dedicated to luxury packaging. The event will return to Los Angeles for its second edition on February 27-28, 2019 officially putting it on the map as a West Coast industry destination. (...)

read more
job opportunities
Experts’ views
Is Brazil the new Korea for hair?

Emmanuelle Bassmann
Is Brazil the new Korea for hair?

International Beauty Fair, South America’s largest trade beauty show, took place on September 08-11, 2018 in Sao Paolo, Brazil. Here is a short overview on the main trends that emerged during the event. Brazil has always been renowned for being innovative in the beauty sector. Historically, the beauty industry in Brazil accelerates (...)

read more

Features

We use cookies to give you a better browsing experience. By continuing your visit to this site, you accept the use of cookies. Read more and set cookies
close