PSB Industries announces that it has entered into exclusive negotiations with the Pochet family group with a view to acquiring its Qualipac plastics and metal packaging division.
Qualipac achieved worldwide sales of around €239 million in 2019 and employs over 2,300 people. It boasts internationally recognized expertise in the processing and decoration of plastics, aluminum and zamak, as well as in tradingin particular through Priminter. These complementary skills enable Qualipac to offer its many prestigious customers a wide range of products for Perfume, Make-up and Skin Care.
This proposed transaction represents a major strategic step in the development and strengthening of PSB Industries' Luxury & Beauty division.
The transaction will be submitted for consultation to the relevant employee representative bodies, and will then be subject to approval by the relevant competition authorities. The acquisition would be financed by PSB Industries' available cash and by the use of credit lines.
