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Constantia Flexibles acquires Globalpack

Constantia
January 16, 2013

Austrian company buys market leader in flexible packaging in Mexico

On January 2, 2013 Constantia Flexibles Group, headquartered in Vienna, Austria, completed the acquisition of 100% of Globalpack - the leading flexible packaging and folding carton company in Mexico.

Thomas Unger, CEO of Constantia Flexibles, “With this transaction we significantly strengthen our market position in North America and will get access to the growing markets in Central America.”

Globalpack has sales of approx. € 180 million with ca. 1,500 employees, of which 70% is flexible packaging and 30% folding carton. Globalpack supplies mainly the fast-moving-consumer-goods industry for food, beverage and non-food products. It converts various materials such as plastic films, aluminum foil and paper. Globalpack operates at two state-of-the-art production sites in Mexico under the brand names Aluprint and Grafo Regia), both well established in the market. The parties agreed not to disclose the purchase price of the transaction.

The acquisition is part of the international growth strategy of Constantia Flexibles and constitutes a strong basis for further growth and expansion in North and Latin America.

Constantia Flexibles is a leading flexible packaging group supplying international customers in the food, pet food, pharmaceutical and beverage industries. More than 6,000 employees in over 50 group companies in 20 countries offer innovative packaging solutions on a global basis.

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