- DC Advisory acted as advisor to PSB Industries in the disposal of its food packaging business unit to Denmark’s Faerch Plast for an amount of €81.5m
- CGL Pack is a leading player in France in the thermoformed customized packaging business for the food and healthcare sectors. CGL Pack’s turnover amounted to €48m in 2017 and the company employs around 250 people in two production sites in Annecy and Lorient
- Faerch Plast Group is a leading European thermoformed plastic packaging provider for the food industry owned by Advent International. It has total revenues in excess of €300m and employs around 1,200 employees spread over 6 different production sites in Denmark, the United Kingdom, Spain and the Czech Republic
- The disposal of CGL Pack was completed following a competitive auction process involving both trade and private equity buyers. The transaction will allow PSB Industries to streamline its portfolio of activities and deploy capital to support the development of its other packaging and specialty chemicals divisions
Date
June 28, 2018
Sectors
- Industrials
Deal type
- M&A Advisory
Deal locations
Deal team
Co-CEO
Managing Director
Actions
DC Advisory advised PSB Industries on the sale of CGL Pack to Faerch Plast
For more information, please see our transaction disclaimer