Packaging Solutions
PSB Industries has reported that the operation to combine its subsidiary Texen with Quadpack into a single group, announced on 15 July this year, has been successfully completed. As part of the process, Quadpack Industries SA will be delisted from the Euronext Growth stock market in Paris.
The combination places the group in the top 5 cosmetics packaging companies worldwide, offering clients ready to use and tailor made solutions, industrial facilities in six countries, an expanded network of suppliers and access to its collective know how in sustainable package design and engineering.
The two companies will operate as standalone businesses, each maintaining their model and commitment to nurturing their close customer relationships. In parallel, a strategic plan will be drawn up to develop synergies and accelerate innovation, with the long term objective of leading the beauty packaging sector’s eco transition.
Quadpack CEO Alexandra Chauvigné has been appointed as group CEO by the PSB board of directors, chaired by François-Xavier Entremont.
François-Xavier Entremont said, ‘We look forward to this new phase in our evolution where the shareholders see great potential for growth. We are confident that, with Alexandra at the helm of the group, bringing her extensive experience in the packaging sector, the value created by the combined group will be significantly amplified, with a knock on effect on all stakeholders.’
Alexandra Chauvigné said, ‘I am delighted to take on the leadership of the new group. Texen and Quadpack are a perfect fit, with very complementary business models and the potential to create many opportunities and synergies, as we jointly aim to deliver the best value to all our stakeholders.’
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