The PSB INDUSTRIES Group has today concluded the final agreement for the
acquisition of C+N Packaging Corporation Inc., a recognized player in the
plastic packaging market for the Luxury & Beauty.
C+N Packaging is an injection molding and surface treatment expert, with 250
employees and an annual revenue around 25M$ in 2013. Through its several plants
in North America and Poland, C+N Packaging provides high quality service to
prestigious customers such as Avon, Elizabeth Arden and Estée Lauder.
This first acquisition, in line with the Ambition 2020 plan, strengthens the
Group's international leadership in the Luxury & Beauty market. This operation
will be accretive for the Cosmetic and Fragrance Packaging activity starting
2015 on a current operative income basis.
The complementarity between C+N Packaging and Texen offers to all customers an
extended value proposition on the Luxury & Beauty segments (Skin care, Make up,
Fragrance and Spirits) as well as reinforced regional commercial & industrial
PSB INDUSTRIES thanks its partners for this transaction: Reed Smith LLP, Mazars
and Gerald O. Dry, PA.
Next release: Q3 2014 Revenues will be published on October 13th
PSB INDUSTRIES is an innovation-driven industrial group with leadership
positions in packaging and specialty chemicals. The group reported consolidated
revenues of EUR257 million in 2013 including over 60% from international sales.
The group has production plants in France, the United States, Japan and
Nyse Euronext (ISIN FR0000060329) - Cac Small, Cac Mid & Small, and CAC
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