All conditions precedent being lifted, PSB INDUSTRIES confirms the acquisition
of the Chinese-American Group TOPLINE PRODUCTS (USA), with who it entered into
exclusive discussions at the end of October 2015.
TOPLINE PRODUCTS has been a worldwide specialist in packaging solutions for the
beauty market for more than 40 years. With its 500 people, the perimeter for
this transaction represents 3 industrial facilities (US, Mexico and China), 4
strategic sales offices (New-York, Paris, Sao-Paulo and Shanghai) and generated
sales of around $75 million in 2015. Besides its geographical locations, TOPLINE
PRODUCTS brings its resources and skills (innovation, design, marketing) to PSB
INDUSTRIES as well as an additional range of products and services (full
service, accessories, proprietary product range). This major acquisition
strengthens the Group's position on the Luxury and Beauty markets and develops
its prestigious customers with brands such as Mary Kay, Sisley, Burberry, Revlon
or from the L'Oréal Group.
The entire range of TOPLINE's activities will integrate the Luxury & Beauty
business unit which is already composed by TEXEN's historical activities and C+N
Packaging's, which joined the Group in 2014. This new acquisition, fully in line
with the Ambition 2020 plan, enables us to have plants on three continents
(Europe, North America and Asia) and to become number 3 worldwide in the Luxury
& Beauty sector (make-up, healthcare, perfume and wines & spirits).
For Olivier Salaun, Chairman and CEO of PSB INDUSTRIES: "With 2016 starts the
third year of our Ambition 2020 strategic plan. The Group is evolving at the
pace we had expected. The acquisition of TOPLINE PRODUCTS, which joins the
Luxury & Beauty Business Unit under the TEXEN brand, is a key step of our
development. It offers us new strengths in a fast changing global marketplace
and should enable the continuous improvement of our international
For Charles Chang, CEO & Founder of TOPLINE: "All of the Topliners are excited
to be part of PSB/Texen Group. Together, we will offer exceptional capability
from innovative concept to manufacturing, as well as new and comprehensive value
proposition. We are excited and look forward to expanding the markets and
services to the customers on a global basis."
Next release: 2015 Annual results publication on March 9th 2016
PSB INDUSTRIES is an innovation-driven industrial group with leadership
positions in packaging and specialty chemicals. The group reported consolidated
revenues of EUR329.3 million, with production plants in France, Poland, the
United States, Japan, and Mexico.
Euronext Paris - ISIN FR0000060329 - Indices Cac Small, Cac Mid & Small,
Find all company's financial results on : www.psbindus.com -