PSB Industries is fulfilling the vision it set for Texen following its strategic shift to focus on luxury and beauty in 2021! The acquisition of Quadpack will position the new entity among the Top 5 cosmetics packaging companies worldwide, alongside leading players such as Albéa, AptarGroup, Berry, Tupack, and Groupe Pochet. The combined business will boast sales of around EUR 350 million, over 2,000 employees, an industrial presence in six countries and operational and commercial operations in Asia, Europe and the Americas.

Complementary businesses

Headquartered in Barcelona, Spain, Quadpack provides standard packaging solutions for the masstige skincare and makeup markets. Its factories in Germany and Spain are complemented by an extensive sales network in Europe, the US and Australia. While it works with multinational cosmetic groups such as L’Oréal, Estée Lauder, Shiseido and Beiersdorf, Quadpack’s main target is midsize companies (EUR 50 million to EUR 1 billion of sales), including L’Occitane, Kiko Milano, Rituals and ISDIN.

For its part, Texen focuses on bespoke packaging solutions for the sector’s giants, particularly in the luxury makeup and perfumery markets. Headquartered in Brion, France, it operates factories in France, Poland, Mexico and the US.

“There is an extraordinary synergy between the businesses, not least in the values we share. With passionate and committed teams, a comprehensive service offering, global geographical coverage and critical size, the new group will be able to accelerate the development of its combined expertise and eco-design commitment, in a stronger position to serve the beauty market, its brands and its consumers. With this transaction, we will reinforce our position as a leading player in the transformation of materials and packaging for the makeup, skincare and fragrance markets,” said PSB Industries Chairman and CEO François-Xavier Entremont.

Standalone entities

According to the two companies, the purchase agreement kickstarts a combination process that does not initially involve any changes in the operations of Quadpack or Texen, who will remain standalone entities. This will allow the two companies “to preserve their respective cultures, brand image and strengths, as they work towards building a stronger group,” said Quadpack in a statement.

The transaction is expected to close in September/October 2024.