PSB Industries to buy Topline Products to boost global packaging reach

04-Nov-2015 - Last updated on 04-Nov-2015 at 11:12 GMT

PSB Industries chairman Olivier Salaun

French packaging specialist PSB Industries is growing its business further having agreed to enter into exclusive discussions to acquire US-based Topline Products.

Topline is also a global specialist in packaging solutions focused on cosmetics, and will hopefully boost PSB’s reach and expertise.

“This new acquisition project, in line with our Ambition 2020 plan, would enable PSB Industries to reinforce its footprint in North America as well as enter Asia and South America,” says Olivier Salaun, Chairman and CEO of PSB.

“It should contribute to the profitable growth of PSB Industries with additional capabilities, a new range of products and services while enabling the Group to continue enriching its customer portofolio with prestigious brands such as L’Oréal, P&G, Amway, Revlon, Mary Kay, Sisley, Burberry.”

Strong partner

It is expected that Topline will join the PSB Industries Group in January 2016 integrating its luxury and beauty capabilities in particular.

“The PSB Industries Group is the best partner for Topline. I am delighted to see my teams integrate TEXEN as soon as possible in order to create more value and enhance the development of the Luxury & Beauty business unit in PSB INDUSTRIES which is significantly growing,” comments Charles Chang, CEO & founder of Topline.

“I am really excited to see their contribution to the Ambition 2020 plan with complementary capabilities in the US, a plant in China and strategic activities in Asia, Europe and over the Americas.”

According to PSB, the perimeter for this transaction generates sales of around $75 million (€69m) with 500 people; 3 industrial facilities in US, Mexico, and China; four strategic sales offices in New-York, Paris, Sao-Paulo, and Shanghai; as well as specific subcontracting activities and full service.

French firm, PSB, has grown over its history thanks to the strength of its four brands (BAIKOWSKI, CGL Pack, TEXEN and PLASTIBELL), and recently set itself the aim of further expanding its international profile as part of its Ambition 2020 strategic plan, of which this acquisition will help with.

New Jersey-based Topline has a wide expertise in packaging development, production and marketing which makes it a key player in packaging, accessories and full service (finished products) on the Luxury & Beauty market.