Beauty packaging company Quadpack Industries and Texen owner PSB Industries are to merge into a single group.
The deal will result in a cosmetic packaging company with combined sales of €350m and more than 2,000 employees operating across Asia, Europe and the Americas.
Quadpack and Texen’s merger will not initially involve any changes in the respective companies, which will remain standalone entities, according to Quadpack.
Texen creates luxury make-up and perfumery solutions from multiple factories in France, Poland, Mexico and the US, while Quadpack has factories in Germany and Spain.
Texen was founded in Oyonnax, known as France’s Plastic Valley, in 1984 and also develops packaging for the spirits industry.
It became a PSB subsidiary following the 2014 acquisition of Texen’s then-parent C+N Packaging.
After divesting its healthcare industry division in 2021, PSB pivoted to focus solely on the Texen business, which currently employs 1,400 people.
It counts L’Oréal and its brands YSL and Lancôme, as well as Clarins and Chanel among its beauty clients.
Barcelona-based Quadpack was established in 2003 and operates purely in the beauty packaging solutions category. Its workforce today numbers 600.
Last year, the company halted two unprofitable operations, the co-development of bag-in-bottle technology with Inotech Cosmetics and its Quadpack Plastics business in Spain.
Both Texen and Quadpack are independently certified Ecovadis Platinum, with Quadpack also a registered B Corp.
PSB Industries Chairman and CEO François-Xavier Entremont praised the “extraordinary synergy” between the companies, adding: “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 make-up, skin care and fragrance markets.”
Subject to legal conditions, the transaction is expected to close in September or October this year.
