Combination of Quadpack Industries and PSB Industries at EUR 32 per share

Quadpack Industries (Euronext Growth: ALQP) and PSB Industries, both key players in beauty packaging solutions, are set to combine their businesses. This strategic partnership positions the group among the Top 5 cosmetics packaging companies globally, with combined sales of approximately €350 million, over 2,000 employees, and operations across six countries including Asia, Europe, and the Americas.

The merger leverages their complementary strengths. Texen, a PSB Industries brand headquartered in France, specializes in luxury packaging, while Barcelona-based Quadpack offers standard solutions for the masstige market. This union is expected to expand their market reach and enhance service offerings, driving significant growth opportunities.

PSB Industries will acquire 100% of Quadpack's share capital. This includes acquiring a 77.66% stake from ALQP's main shareholders through a mix of newly-issued PSB shares and an off-market cash sale. An additional 9.85% will be purchased from minority shareholders at €32 per share. This transaction is set to conclude by September/October 2024, following shareholder approval and a related capital reduction process.

Upon completion, Quadpack will be delisted from Euronext Growth, with its founders becoming shareholders in PSB Industries, ensuring their ongoing involvement in the group's future development. An independent expert will review the fairness of the offered price to safeguard shareholders' interests. No regulatory approval is required for this transaction.