PSB Industries to acquire Quadpack for €140m.

PSB Industries, a company that specializes in the Design and Fabrication of compressed air, gas, and liquid dehydration and purification systems, agreed to acquire Quadpack for €140m ($152m). “The new group will be able to accelerate the development of its combined expertise and eco-design commitment, in a stronger position to serve the beauty market, its brands and its consumers. With this transaction, we will reinforce our position as a leading player in the transformation of materials and packaging for the make-up, skin care and fragrance markets," François-Xavier Entremont, PSB Industries Chairman and CEO.