PSB Industries acquired by Clayens Group

FRANCE Chemicals & Materials / Material Transformation / Plastics REV €50–100M

Context

This operation represents the first programmatic bolt-on acquisition executed by Clayens NP since its primary sponsor-backed buyout, designed to accelerate the platform’s diversification into highly resilient and high-margin healthcare manufacturing verticals. Negotiated on a proprietary bilateral basis due to long-standing industrial relationships and a previous site acquisition in 2017, the transaction allows the seller, PSB Industries, to complete its strategic pivot toward luxury and beauty packaging while divesting a non-core industrial asset. The acquisition adds >€50 million in revenue to Clayens NP, driving consolidated group sales toward €350 million and establishing an essential manufacturing bridgehead in Mexico to serve the North American nearshoring market. The transaction funding mechanism leverages a combination of available balance sheet cash and a structured share swap, resulting in PSB Industries taking a minor equity position within the Clayens holding structure alongside the existing sponsor pool and management. This structural alignment facilitates management continuity, ensures operational stability across the five acquired sites, and underpins the strategic cross-selling of polymer and cleanroom manufacturing capabilities to the combined global customer base.

PSB Industries, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Industry & Manufacturing sector (11.6x in 2020).

-> Deep-dive in Industry & Manufacturing market trends

Target

The healthcare and industry division of PSB Industries operates as a highly specialized technical contract manufacturer of advanced polymer components and precision plastic assemblies across five manufacturing facilities located in France, Poland, and Mexico. The operational infrastructure is defined by the utilization of five certified ISO7 cleanroom environments, which are technically mandatory to comply with the rigid sanitary, regulatory, and validation standards governing the medical, pharmaceutical, and diagnostic end-markets. Revenue generation within this business unit is derived from long-term supply arrangements linked to customer-owned proprietary tooling and injection molds, creating deep commercial integration and high customer switching costs that protect the asset from volume volatility.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with Clayens Group

Other operations with Clayens Group
Date	Acquirer	Target	Country	Sector
07/2022	ONE EQUITY PARTNERS	CLAYENS GROUP	FRANCE	Plastics
08/2019	SIPAREX	CLAYENS GROUP	FRANCE	Plastics

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06/2020	CEREA PARTNERS / BPIFRANCE	AXIUM PACKAGING	FRANCE	Plastic Packaging
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01/2020	COBEPA	GERFLOR	FRANCE	Flooring
01/2020	KAMAN CORPORATION	BAL SEAL ENGINEERING	UNITED STATES	Plastics
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REFERENCES

Revenue range: REV €50–100M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PSB Industries by Clayens Group are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: clayens group

FAQ

What transaction does this page cover?

This page covers Clayens Group’s acquisition of 100% of PSB Industries, a French company specialised in Material Transformation, in 2020.

What was PSB Industries’s revenue at the time of the deal?

At the time of the transaction, PSB Industries’s annual revenue was estimated within the €50–100M range (FY 2020). Detailed financial figures are available to members.

How does the valuation of PSB Industries compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.6x EBITDA during 2020.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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