Premium Beauty News – PSB Industries to refocus on its beauty business
The PSB Industries has entered into unique negotiations with Faerch Plast, a number one European thermoformed plastic packaging supplier for the meals trade, in regards to the disposal of its Meals & Distribution division.
Lately reorganized below the administration of Ludovic Anceau, the Luxurious & Magnificence division of PSB Industries accounted for 50% of the group turnover, previous to the sale of CGL Pack.
“This strategic resolution highlights PSB Industries Group’s ambition to streamline its portfolio of actions and have new funding capabilities to help its progress and speed up the event of its internationally acknowledged know-how,” says the corporate in a launch.
The division, which includes all of the CGL Pack entities, is one France’s main thermoformed custom-made plastic packaging supplier, serving shoppers principally within the meals and healthcare industries. CGL Pack recorded revenues of EUR 48 million in 2017 and employs round 250 individuals on two manufacturing websites in Annecy and Lorient.
The EUR 81.5 million transaction is anticipated to be consummated by July 2018, after the conclusion of definitive agreements topic to customary situations for one of these operation, and following the staff and employees’ council info course of.
PSB Industries, which was to date specializing in three companies (magnificence packaging with Texen, packaging with CGL Pack, and specialty chemical substances with Baikowski), not too long ago introduced the reorganisation of its Luxurious & Magnificence division below the administration of Ludovic Anceau.
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