PARIS — PSB Industries, a packaging specialist for the cosmetics and pharmacy categories, said Wednesday that it has entered into exclusive talks with Pochet to acquire its Qualipac plastic and metal packaging division.
Terms of the possible deal, which would be financed with available cash and the use of credit facilities, were not disclosed.
“The envisaged transaction represents a major strategic move for the development and reinforcement of PSB Industries’ Luxury & Beauty business unit,” PSB said.
Qualipac registered sales of 239 million euros worldwide in 2019. The group, which counts 2,300 employees, specializes in the transformation and decoration of plastics, aluminum and zamak for packaging used in the perfumery, makeup and skin-care categories.
France-based PSB Industries last year registered sales of 266 million euros, half of which were generated outside of its home market. The group has production facilities in France, Poland, the U.S. and Mexico.