PSB Industries has completed the merger of its subsidiary Texen with Quadpack, an operation initiated on 15 July and successfully completed. As a result of this integration, Quadpack Industries will no longer be listed on Euronext Growth in Paris, where it has been present since the end of 2019, and will become part of a consolidated group in the cosmetics packaging sector, positioning it among the top five global leaders.
While Texen and Quadpack will retain their independence and respective business models, a strategic plan will be implemented to drive synergies and innovation, with the aim of leading the green transition in the cosmetics packaging sector. Alexandra Chauvigné, CEO of Quadpack, has been appointed CEO of the group by the PSB board, led by François-Xavier Entremont.
Entremont expressed his enthusiasm for this new phase, highlighting the growth potential and the positive impact that Alexandra's experience will bring to the group. ‘We are confident that, with Alexandra at the helm, the added value of this new group will expand significantly and benefit all stakeholders,’ he said. Chauvigné further explained her enthusiasm for this new step in the company: ‘I am delighted to lead this new phase. Texen and Quadpack complement each other ideally, and together we can create great opportunities and synergies, delivering the best value to our shareholders."
Quadpack closed its last financial year, ended 31 January, with a turnover of 129 million euros, down 10%, but improving its ebitda to 16.2 million euros from 13.5 million euros the previous year. With 750 employees, most of its revenues (116.1 million) came from the overseas market in the 2023/24 period.
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