Quadpack Industries and private company PSB Industries have announced a project to combine Quadpack and PSB’s main subsidiary Texen into a single group.

The official signing kickstarts a combination process that does not initially involve any changes in the operations of Quadpack or Texen, which will remain standalone entities. The transaction is expected to close in September or October 2024.

The merged group will have combined sales of €350m, 2,000 employees, an industrial presence in six countries, and operational and commercial operations in Asia, Europe and the Americas.

Headquartered in Brion, France, Texen creates bespoke packaging solutions for the luxury makeup and perfumery markets served by factories in France, Poland, Mexico and the US.

Headquartered in Barcelona, Spain, Quadpack provides standard packaging solutions for the masstige (prestige for the masses, or downward brand extension) skincare and makeup markets. Its factories in Germany and Spain are complemented by an extensive sales network in Europe, the US and Australia.

Texen and Quadpack will aim to reach new territories, new market segments and a broader client base with a comprehensive product offer, from ready-to-use ranges to tailor-made solutions.

PSB Industries CEO and chairman François-Xavier Entremont commented: “There is an extraordinary synergy between the businesses, not least in the values we share.”

Quadpack cofounder and chairman Tim Eaves added: “Our long-term commitment to social and environmental sustainability and conscious approach to our activities will be the driving force of our success.”

Quadpack recently launched a creative hub in the US to expand its partnerships there.