Constantia acquires Mexican packaging plants

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 23, 2013 12:35 pm ET
Updated: January 23, 2013 12:38 pm ET

Related to this story

Topics Mergers & Acquisitions, Packaging, Extrusion, Film & Sheet

VIENNA, AUSTRIA -- Packaging manufacturer Constantia Flexibles GmbH has strengthened its position in North and Latin America with the acquisition of leading Mexican flexible packaging producer Global Packaging Corp. NV.

Vienna-based Constantia Flexibles, which supplies a wide range of plastics and composite packaging to the food, pharmaceuticals and beverage sectors, completed the deal early in January. Terms were not disclosed.

Globalpack and Constantia Flexibles Group are both portfolio companies of One Equity Partners, which is New York-based JP Morgan Chase & Co.'s private equity firm.

Miami-based Globalpack, with 1,500 employees and annual sales of 180 million euros ($240 million), operates two folding carton and flexibles production sites in Mexico. These comprise the Aluprint plant located in San Luis Potosi and the Grafo Regia business in Apodaca.

Globalpack converts a variety of materials such as plastics film, aluminum foil and paper for the food and non-food consumer products markets. Flexible packaging represents 70 percent of its annual sales.

The Globalpack acquisition is part of the international growth strategy of Constantia Flexibles and provides "a strong basis for further growth and expansion in North and Latin America," the buyer stated in a news release.

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

In July, global packaging giant Amcor Ltd. of Melbourne, Australia bought Globapack's Aluprint tobacco packaging plant, also located in Apodaca, for 40 million euros ($53 million).


Comments

Constantia acquires Mexican packaging plants

By Richard Higgs
EUROPEAN PLASTICS NEWS

Published: January 23, 2013 12:35 pm ET
Updated: January 23, 2013 12:38 pm ET

Post Your Comments


Back to story


More stories

Image

Bubbles add some flair to 'Plain Jane' PET bottles

December 17, 2014 1:05 pm ET

Ron Puvak and the folks over at Plastic Technologies Inc. see big things coming from some very tiny bubbles.    More

Image

Bayer launches PC sheet production in Guangzhou, China

December 17, 2014 6:00 am ET

Bayer MaterialScience (BMS) has started its new polycarbonate sheet production plant at its Guangzhou, China, site.    More

Image

Amcor unveils hot-fill PET jars that accept metal lug closures

December 17, 2014 8:47 am ET

Amcor Rigid Plastics has developed hot-fill PET jars that accept metal lug closures — which the company claims is a first for food packaging.    More

Image

Ecolean expanding flexible packaging production in China

December 16, 2014 3:07 pm ET

Flexible packaging maker Ecolean AB is opening a new factory and warehouse in China to increase production.    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events