Premium Beauty News – PSB Industries to refocus on its beauty business

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The PSB Industries has entered into unique negotiations with Faerch Plast, a number one European thermoformed plastic packaging supplier for the meals business, regarding the disposal of its Meals & Distribution division.

Not too long ago 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 choice highlights PSB Industries Group’s ambition to streamline its portfolio of actions and have new funding capabilities to assist its development 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 largely 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 predicted to be consummated by July 2018, after the conclusion of definitive agreements topic to customary situations for any such operation, and following the workers and employees’ council info course of.

PSB Industries, which was up to now specializing in three companies (magnificence packaging with Texen, custom packaging with CGL Pack, and specialty chemical substances with Baikowski), lately introduced the reorganisation of its Luxurious & Magnificence division below the administration of Ludovic Anceau.

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