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10/2024

QUADPACK INDUSTRIES acquired by TEXEN

SPAIN Chemicals & Materials / Packaging & Containers EV 100M - 350M EUR

Context

Texen S.A.S., under the umbrella of its parent company PSB Industries, has finalized the acquisition of 100% of Quadpack Industries. The transaction was initiated through the acquisition of a 77.66% controlling block from Eudald Holdings SL and the company's founders, followed by a 9.85% stake from a minority shareholder. The remaining shares were acquired via an "asymmetric" capital reduction process, allowing PSB Industries to gain full ownership and delist Quadpack from the Euronext Growth market. The strategic rationale for this merger is to create a global leader in beauty packaging, moving the combined entity into the world's Top 5 within the sector. While Quadpack and Texen will initially remain standalone entities to preserve their respective cultures, the group will leverage significant synergies in geographical coverage (Asia, Europe, Americas) and market segments (Luxury vs. Masstige). The founders of Quadpack have reinvested into PSB Industries, remaining involved in the future growth of the unified group.

QUADPACK INDUSTRIES, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Headquartered in Barcelona, Quadpack Industries is a global manufacturer and provider of hybrid packaging solutions for the "masstige" skincare and makeup markets. The company’s business model is built on a "one-stop-shop" approach, offering a vast range of standard packaging products that are customized through advanced decoration and finishing techniques. Quadpack operates specialized wood and plastic manufacturing facilities in Spain and Germany, complemented by an extensive global sourcing and sales network spanning Europe, the US, and Australia. The company is particularly recognized for its commitment to sustainability, being a B Corp certified entity that focuses on eco-designed solutions and biodegradable materials. By providing brands with ready-to-use yet highly differentiated packaging, Quadpack has established itself as a key partner for rapidly growing beauty brands looking for agility and sustainable innovation.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 5M - 25M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).