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PSB Industries divests Plastibell, recenters on beauty and luxury with Texen

Katie Nichol

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PSB Industries divests Plastibell, recenters on beauty and luxury with Texen

Following confirmation of the sale of its Plastibell healthcare and industry division this month, packaging and specialty chemicals group PSB Industries is focusing its business solely on beauty and luxury via its dedicated business unit Texen. A new management team will drive Texen’s development going forward.

This January PSB Industries confirmed the sale of its Plastibell business unit — excluding a healthcare plant in Normandy, France and a multi-purpose site in Boston, US that is also active in luxury — to metal-plastic and electronic processing specialist Clayens NP Group. The divested activities represented sales of €60m in 2019. PSB Industries sold its healthcare site in Normandy to French group MIP Medical.

With its new management committee in place, Texen says its new roadmap will be driven by its CSR strategy, with changes to come on an industrial, marketing and sales level. “Following a global strategic review, we have repositioned the company in order to rise to the challenges based on a single mission: transforming matter into experience in a virtuous way. We will invest and seize opportunities to allow Texen to push the product and consumer experience in a sustainable manner, contributing to the circular economy,” François-Xavier Entremont, President of PSB Industries, said in a statement.

In terms of new management, Rémi Weidenmann, who has been with the group since 2014 and is Executive Director and Deputy CEO of PSB Industries, has taken on the additional role of Executive Director at Texen. He heads up the company’s executive committee, whose other new members include recently appointed Pierre-Yves Quéfélec, Senior Vice President of Sales, Marketing and Innovation, and Christophe Cabut, Senior Vice President of Operations and head of Texen’s manufacturing facilities. Former Texen President Ludovic Anceau has left the company.

With “innovation and a homogenized global industrial platform” at the heart of its strategy, Texen plans to integrate new technologies inspired by other markets and segments. Quéfélec and Cabut, with their backgrounds in the automobile and aerospace industries, are expected to bring their expertise in this area.

PSB Industries, which is now operating as a financial holding company, present solely in the beauty and luxury packaging segment, said Texen will grow through organic sales and via acquisitions. Last year, PSB Industries entered into negotiations with Groupe Pochet to acquire its Qualipac subsidiary. The deal later fell through, with Groupe Pochet citing a “complex and uncertain climate” due to the pandemic.

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