Barcelona-based Quadpack and France-based Texen will be combined into a single cosmetic packaging manufacturing group under a new deal between Quadpack and Texen owner PSB Industries.
Both companies will however remain standalone entities, per PSB.
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According to an official announcement, "This allows the two companies to preserve their respective cultures, brand image and strengths, as they work towards building a stronger group."
The announcement added, "Long-term, a growth plan is on the table, which looks to take advantage of the synergistic values and complementary skillsets and facilities of the combined companies, with an emphasis on sustainable transformation."
Combined Companies Comprise Top 5 Cosmetic Packaging Manufacturers
The combined operation will rank among the top five manufacturers of packaging for beauty and will function under the umbrella of PSB Industries.
Taken together, the operation features expertise in bespoke packaging solutions for the luxury makeup and perfumery markets, as well as standard packaging solutions for the masstige skin care and makeup markets.
The group will boast combined sales of about €350 million and more than 2,000 employees.
Its industrial presence spans six countries and features operational and commercial operations in Asia, Europe and the Americas.
The combined Texen-Quadpack will reportedly allow the companies to reach new markets and segments, as well as a larger client base.
Cosmetic Packaging Synergy
“There is an extraordinary synergy between the businesses, not least in the values we share," says PSB Industries chairman and CEO François-Xavier Entremont. "With passionate and committed teams, a comprehensive service offering, global geographical coverage and critical size, 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 makeup, skincare and fragrance markets.”
“We are delighted to enter this new stage in our history," says Quadpack co-founder and chairman Tim Eaves. "This strategic alliance will enable us to grow through global customer access, an enlarged industrial footprint and increased innovation and partnership perspectives. As family-owned businesses, we share the same vision and have common values. Our long-term commitment to social and environmental sustainability and conscious approach to our activities will be the driving force of our success.”
