With this acquisition, Texen aims to strengthen their capacities in a segment that is expected to grow rapidly in response to the growing demand for more sustainable packaging solutions, including refills, and the rise of powder and anhydrous cosmetics. The financial terms of the transaction have not been disclosed.
More sustainable packaging solutions
Indeed, Texen considers the development of flexible distribution systems (pouches and doypacks) to be instrumental in the transition of the beauty packaging business towards a more sustainable model.
Actually, this industrial technology helps to lower the environmental footprint of packaging solutions for all beauty categories, including makeup, skincare and fragrance, thanks to the use of light pouches as refill systems. It also allows to create high-performance packaging that reduces waste (high product restitution levels) and limits the need for preservatives (airless systems). Eventually, thanks to PP/PE monomaterial options, for instance, it is possible to produce fully recyclable packs.
“We are thrilled to welcome this new activity as well as the team behind its development,” said Texen CEO Rémi Weidenmann. “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 to refocus on their core business
The move will allow PRP Creation to accelerate their growth by concentrating resources and investments on their core business: plastic packaging, and plastic bottles and caps.
PRP Creation also said their aim is to better meet the growing demand and maintain their flexibility. The Oyonnax, France, -headquartered company will therefore integrate an in-house mould maker in the coming months and continue to invest in its industrial equipment through the acquisition of fully electric extrusion blow moulding and air-blown injection machines with IML robotization.
“This operation is strategic. It 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. "We thank all of our employees who have contributed to the development of this activity. We will accompany the transfer of the activity so that this differentiated offer continues to grow.”