Beauty Packaging Giants Texen and Quadpack Join Forces

PSB Industries’ plan to combine its subsidiary Texen with Quadpack into a single entity, announced on July 15, 2024, has been completed successfully. As part of the process, Quadpack Industries SA will be delisted from the Euronext Growth stock market in Paris.

PSB’s board of directors, chaired by François-Xavier Entremont, appointed Quadpack’s CEO Alexandra Chauvigné as the new group CEO.

The combination of the two subsidiaries places the group in the top five cosmetics packaging companies worldwide, per PSB, with industrial facilities across six countries.

Texen and Quadpack will operate as standalone businesses and continue to maintain their own models and customer relationships. In parallel, a strategic plan will be drawn up to develop synergies and drive innovation, with the long-term goal of leading the transition of the beauty packaging industry to becoming more eco-friendly, according to PSB.

Entremont says, “We look forward to this new phase in our evolution where the shareholders see great potential for growth. We are confident that, with Alexandra at the helm of the group, bringing her extensive experience in the packaging sector, the value created by the combined group will be significantly amplified, with a knock-on effect on all stakeholders.”

Chauvigné adds, “I am delighted to take on the leadership of the new group. Texen and Quadpack are a perfect fit, with very complementary business models and the potential to create many opportunities and synergies, as we jointly aim to deliver the best value to all our stakeholders.”