Texen has acquired fellow French company PRP Creation’s flexible packaging activity for an undisclosed sum. The business encompasses pouches and doypacks, giving Texen an additional boost in the luxury and beauty packaging market.
Cosmetics packaging player Texen has added PRP Creation’s flexible packaging business to its portfolio. Texen says it has identified major opportunities for flexible pouches and doypacks in make-up, skincare and fragrance given consumer demand for eco-friendly packaging options, namely refill formats. It plans to offer both standard and bespoke flexible packaging solutions to its customers worldwide.
“We are thrilled to welcome this new activity as well as the team behind its development,” Texen CEO Rémi Weidenmann said in a statement. “The combination of our different areas of expertise, as well as Texen’s global presence, represent a major growth opportunity for this value proposition, which offers significant eco-design benefits.”
PRP Creation says the move will enable it to concentrate resources and investments on its core business activity of plastic packaging, bottles and caps. Industrial investments are also in the pipeline: a mold maker will join the site in the coming months, as well as a fully electric extrusion blow molding and air-blown injection machine with IML robotization.
“This is a strategic operation that will allow PRP Creation to enter a new growth phase, driven by desirable, sustainable innovation,” said Joël Viry, President of PRP Creation and the group STLinks.
