PSB Industries (ENXTPA:PSB) acquired PLASTIBELL Group from Michel Maradan, Fonds de Consolidation et de Développement des Entreprises, FCPR managed by Consolidation et Développement Gestion SAS and CM-CIC Investissement SA, SCR on March 10, 2015. This acquisition will be debt financed through a syndicated loan recently concluded with PSB INDUSTRIES' banking partners. For the year ended 2014, PLASTIBELL Group posted turnover of €50 million. Sandrine Benaroya and Grégoire Zeitoun of Ayache, Salama & Associes acted as legal advisor for Fonds de Consolidation et de Développement des Entreprises. Raymond Briefel acted as legal advisor for Michel Maradan. Christian Coumans of M&C Invest acted as financial advisor for sellers.

PSB Industries (ENXTPA:PSB) completed the acquisition of PLASTIBELL Group from Michel Maradan, Fonds de Consolidation et de Développement des Entreprises, FCPR managed by Consolidation et Développement Gestion SAS and CM-CIC Investissement SA, SCR on March 10, 2015.