Faerch Plast enters into exclusive negotiations to acquire CGL Pack

Leading European supplier of trays for the food industry, Faerch Plast, with headquarters in Holstebro, Denmark, is considering further strengthening its position as a significant supplier to the expanding global food industry by entering into final exclusive negotiations to acquire CGL Pack from PSB Industries in France with expected Closing prior to end July 2018.

CGL Pack is part of the Paris listed PSB Industries Group with business within packaging and specialty chemicals. The company’s packaging business manufactures high quality bespoke packaging solutions for the food service industry, healthcare and consumer products. The transaction would comprise the activities of two French manufacturing sites located in Annecy and Lorient as well as the CGL Pack headquarter in Annecy and associated commercial activities.