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

Bemis' product strategy paying off with record earnings per share

July 24, 2014 2:56 pm ET

Bemis Co. Inc. is feeling good about itself these days as the flexible packaging and pressure sensitive materials firm is posting record earnings per ...    More

Meredian merging with Danimer Scientific

July 24, 2014 1:59 pm ET

Bioplastics maker Meredian Inc. is merging with its sister firm, Danimer Scientific LLC.    More

Image

Injection molder, recycler Polyvulc USA puts itself up for sale

July 24, 2014 12:41 pm ET

Fred Farrell and Larry Lambiotte, founders of Polyvulc USA Inc. and its subsidiaries Polyvulc Tire Recycling Llc and Winnsboro Rubber Recycling LLC,...    More

Image

Sealed Air moving headquarters, 1,200 jobs to Charlotte, N.C.

July 23, 2014 2:06 pm ET

Sealed Air Corp. — which is known for its Bubble Wrap brand — is moving its headquarters from Elmwood Park, N.J., to Charlotte, N.C., and ...    More

Image

Intek investing $1 million to expand capacity

July 23, 2014 1:59 pm ET

Custom profile extruder Intek Plastics Inc. has invested more than $1 million to expand its production capacity by 17 percent.    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events