PSB INDUSTRIES (EPA:PSB) - Ambition 2020: Second acquisition confirmed

Transparency directive : regulatory news

11/03/2015 08:10

PRESS RELEASE

Ambition 2020: Second acquisition confirmed

In accordance with its Ambition 2020 strategic plan, PSB INDUSTRIES finalized
definitive agreements today for the acquisition of PLASTIBELL, an international
injection molding company active in the Healthcare and Industry markets.

PLASTIBELL is owned by Michel Maradan (founder), FCDE (Fonds de Consolidation et
de Développement des Entreprises), and CM-CIC Investissement, and posted over
EUR50 million in revenues in 2014. With its industrial facilities in three
countries (4 in France, 1 in Mexico, 1 in Poland) and ISO7 cleanrooms in each
country, PLASTIBELL has enjoyed strong growth in the Healthcare market and has
the capacity to serve leading Healthcare and Industry clients in France and
around the globe.

The PLASTIBELL acquisition, which is in line with PSB INDUSTRIES' Ambition 2020
strategic plan, will position the company as a major player in plastics for the
Healthcare market and enable it to build on a history of success and expertise
in high value-added growth markets. PLASTIBELL will also become the focal point
for PSB INDUSTRIES's fourth business unit-Healthcare and Industry-which will
represent revenues close to EUR100 million.

Olivier Salaun, President and CEO of PBS INDUSTRIES, said:
"PLASTIBELL is a business success story built on the same values as those that
underpin PSB INDUSTRIES. We're extremely pleased at the prospect of building a
benchmark industrial partnership in plastics for the Healthcare market!
PLASTIBELL is a perfect complement to our TEXEN and CGL Pack brands, both in
terms of customers and technologies, and will pave the way to new opportunities
that will sustain profitable growth within the Group."

Michel Maradan, PLASTIBELL founder and shareholder, said:
"This transaction is good news for both our customers and our collaborators, who
will directly benefit from the combined strengths of our two groups. The
PLASTIBELL team and production facilities will play an important role in helping
achieve the Ambition 2020 plan, while at the same time continuing to provide
service to all our customers."

Amélie Brossier, board member of FCDE, PLASTIBELL shareholder, said:
"We're delighted to have helped PLASTIBELL turn around quickly and stake out a
strong position on high value-added markets. The group is now ready to undertake
a new phase in its development, drawing on its seasoned team, state-of-the-art
facilities, and its strong international reach. PSB INDUSTRIES is the ideal
partner for this new phase, which opens up new and exciting opportunities for
the group."

This acquisition will be debt financed through a syndicated loan recently
concluded with PSB INDUSTRIES' banking partners.

PSB INDUSTRIES is an innovation-driven industrial group with leadership
positions in packaging and specialty chemicals.
The group reported consolidated revenues of EUR262 million in 2014, including
over 60% from international sales. The group has production plants in France,
the United States, Japan, Poland and Mexico.

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17/07/2017 18:02

PSB INDUSTRIES (EPA:PSB) - Ambition 2020: Second acquisition confirmed

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