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

Comar merging with Convergence Packaging

October 21, 2014 5:07 pm ET

A couple of plastic packaging companies owned by private investment firm Graham Partners are merging into a single entity.    More

Image

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

Report: SVP takes Klöckner Pentaplast off the market

October 21, 2014 4:19 pm ET

Plastic sheet leader Klöckner Pentaplast Group is no longer for sale, according to an Oct. 21 Reuters article.    More

Image

Wisconsin cast film maker buys Ohio blown film specialist

October 21, 2014 2:57 pm ET

A Midwest U.S. acquisition has created a company armed with two distinct film technologies: cast films and coextruded blown film constructions.    More

Image

Omega buys Vinylex, adds capacity, locations

October 21, 2014 1:48 pm ET

Profile extruder Omega Plastics LLC has expanded its stake in the market by acquiring Vinylex Corp.    More

Market Reports

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 million dollar 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

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

More Events