Spain's Quadpack and France's PSB Industries announced plans to merge Quadpack and Texen, PSB's main subsidiary, in July 2024. The merger has been successfully completed, placing both companies under the umbrella of PSB Industries. Quadpack Industries SA will be delisted from the Euronext Growth market in Paris.
The new group is set to become one of the world's top five players in cosmetics packaging, offering customers ready-to-use and customized solutions, production plants in six countries, an expanded network of suppliers and access to collective know-how in sustainable packaging design and engineering.
Texen and Quadpack will operate as independent companies. At the same time, a strategic plan will be drawn up to develop synergies between the two entities and accelerate innovation. The ultimate aim is to become a leader in the ecological transition of cosmetics packaging.
Alexandra Chauvigné, CEO of Quadpack, has been appointed CEO of the Group by the PSB Industries Board of Directors, chaired by François-Xavier Entremont.
"We are delighted with this new stage in our development, in which our shareholders see great potential for growth. We are convinced that with Alexandra at the head of the Group, and thanks to her significant experience in the packaging sector, the value created by the Group will be considerably amplified, with a very positive knock-on effect for all stakeholders", said François-Xavier Entremont.
"I'm delighted to be taking over the management of the new group. Texen and Quadpack form a perfect union, with highly complementary business models and the potential to create numerous opportunities and synergies. By combining our strengths, we aim to bring even greater value to all our partners, emphasized Alexandra Chauvigné.
Photo: Alexandra Chauvigné.
