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

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Europe's bag use still expected to climb despite possible bag restrictions

April 22, 2014 9:29 am ET

Ceresana, a Germany-based research company, has released a report forecasting that by 2020 the sales volume of bags and sacks in Europe will reach 9....    More

DuPont: Asia's food packaging market at a major transition point

April 21, 2014 1:26 pm ET

DuPont Co. touted its packaging innovations and applications, and updated the firm's commercial status at a media event two days before the Chinaplas ...    More

Image

Savvy customers follow raw material prices as closely as processors

April 21, 2014 2:25 pm ET

Savvy customers closely follow the prices of raw materials. The result: in the film and sheet segment of the plastics industry, even if processors...    More

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

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

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events