PSB Industries is realizing its vision for Texen, following a strategic pivot in 2021 to focus on the luxury and beauty sectors.
PSB Industries, the owner of Texen, is set to acquire Quadpack, positioning the newly formed entity among the top five cosmetics packaging companies globally, alongside industry leaders like Albéa, AptarGroup, Berry, Tupack, and Groupe Pochet. This merger will result in combined sales of approximately EUR 350 million, a workforce of over 2,000 employees, and an industrial presence across six countries, with operational and commercial activities in Asia, Europe, and the Americas.
Complementary Businesses
Based in Barcelona, Spain, Quadpack specializes in providing standard packaging solutions for the masstige skincare and makeup markets. The company operates factories in Germany and Spain and boasts a robust sales network across Europe, the U.S., and Australia. While collaborating with major cosmetic brands such as L’Oréal, Estée Lauder, Shiseido, and Beiersdorf, Quadpack primarily targets midsize companies, generating annual sales between EUR 50 million and EUR 1 billion, including brands like L’Occitane, Kiko Milano, Rituals, and ISDIN.
In contrast, Texen concentrates on creating bespoke packaging solutions for the giants of the industry, particularly within the luxury makeup and fragrance sectors. Headquartered in Brion, France, Texen operates manufacturing facilities in France, Poland, Mexico, and the U.S.
“There is an extraordinary synergy between the businesses, particularly 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 well-positioned to accelerate the development of its combined expertise and commitment to eco-design. This merger reinforces our standing as a key player in the transformation of materials and packaging for the makeup, skincare, and fragrance markets,” stated François-Xavier Entremont, Chairman and CEO of PSB Industries.
Standalone Entities
As per the agreement, PSB Industries, the owner of Texen, is set to acquire Quadpack, initiating a combination process that does not immediately alter the operations of either Quadpack or Texen. Both companies will continue to operate as standalone entities, enabling them to maintain their unique cultures, brand identities, and strengths as they work towards forming a more robust group. Quadpack emphasized this point in a statement, underscoring the importance of preserving their respective characteristics during the transition.
