07.15.24
According to Quadpack, the merger does not initially involve any changes to the companies, and they will remain as standalone entities.
PSB Industries Chairman and CEO François-Xavier Entremont commented,
“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 make-up, skin care and fragrance markets.”
Quadpack Co-founder and Chairman Tim Eaves, said, “This strategic alliance will enable us to grow through global customer access, an enlarged industrial footprint and increased innovation and partnership perspectives.”
This deal will result in a company with an estimated combined sales of $381 million, operating across the Americas, Europe, and Asia.
The acquisition is expected to close in September or October of this year.
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