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French group PSB Industries, owner of Texen, finalized its acquisition of Spain-based Quadpack in October 2024, creating a beauty packaging group with combined sales of €360m and 12 wholly owned factories.
PSB Industries will acquire 100 percent of ALQP's share capital at €32 per share to merge Quadpack with its Texen business into one group. The combined group, with sales of €350 million, will have industrial presence in six countries.
Cosmetic packaging group Texen took over the flexible packaging business of plastic packaging maker PRP Creation of Oyonnax, France, in February 2022.