The companies stated that the merger will catapult the combined group to being among the top five cosmetics packaging companies in the world. They project the enlarged group will have combined sales of approximately €350 million and 2,000 employees.
Merger Implications
The deal is subject to Quadpack’s shareholders approving a capital reduction. Notably, the deal is not subject to any regulatory approvals. The companies expect the deal to be completed by October.
Counsel information for the parties was not immediately available.
Packager Texen to merge with Quadpack Industries : Texen’s Market Position
Texen creates beauty packaging for luxury customers, including Guerlain and Burberry. With this merger, the combined entity will have a stronger presence in the luxury beauty packaging market, enhancing its competitive edge and expanding its global reach.
Conclusion
The merger between French luxury beauty packager Texen and Spanish rival Quadpack Industries marks a significant move in the cosmetics packaging industry. This deal not only highlights the strategic ambitions of both companies but also sets the stage for the creation of a leading global player in the sector.
