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Texen Acquires PRP Creation's Flexible Packaging Activity

Published February 4, 2022
Published February 4, 2022
Texen

Texen has acquired PRP Creation's flexible packaging activity (pouches and Doypacks), with plans for its global development.

WHO: Based at the heart of Plastic Valley, PRP Creation offers full packaging solutions for cosmetics, fragrance, skincare, and toiletries. Thanks to its expertise in the three main molding techniques—injection, extrusion blow molding, and air-blown injection—as well as decoration techniques, the company produces millions of bottles each year in its French factory. For several years, eco-design has been at the heart of its development and innovation strategy.

Texen was founded in France's Plastic Valley in 1984, in close proximity to some of the world's largest manufacturers. It built upon its original competence in plastic injection through an external and organic growth strategy focused on acquiring state-of-the-art know-how to serve its market.

WHY: This logical business combination offers great opportunities for the luxury and beauty packaging sector. PRP Creation will concentrate on its core business, while Texen will benefit from this acquisition to enhance its sustainable portfolio and its innovation capacity at the service of consumers.

IN THEIR OWN WORDS: "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."

“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.”

DETAILS:

  • PRP Creation divests its flexible packaging activity, selling the division to Texen.
  • This divestment will allow PRP to accelerate its growth by concentrating its resources and investments on its core business: plastic packaging, bottles, and caps.
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