M&As: One Rock Capital completes acquisition of Constantia Flexibles; Brabender becomes part of Anton Paar
US-based investment firm One Rock Capital Partners recently announced that one of its affiliates has successfully completed the acquisition of packaging manufacturer Constantia Flexibles from Wendel, a European investment firm, Maxburg Capital Partners and other shareholders. The deal was put forward last year in a deal valued at EUR1 billion.
Constantia is a producer of flexible packaging and the partner of choice to more than 4,000 pharmaceutical, food and consumer goods customers worldwide. Headquartered in Vienna, Austria, the company employs over 7,150 employees globally at 28 sites in 15 countries.
“We are thrilled that Constantia is officially a part of the One Rock portfolio,” said Telmo Valido, Partner at One Rock. “This is a business already distinguished by a dedicated focus on its customers, and we look forward to contributing One Rock’s industry and operational expertise to further support the Company’s ongoing growth initiatives.”
“Constantia’s commitment to product innovation, sustainability and quality underscores its position as a market leader in the flexible packaging industry,” said Kurt Beyer, Partner at One Rock. “We look forward to working alongside Constantia’s management team to enhance its operational capabilities and suite of packaging solutions to maximise its potential.”
“Demand for flexible packaging is increasing, and at Constantia we continue to strive to provide leading products and service for our customers’ growing needs,” said Pim Vervaat, CEO at Constantia Flexibles. “As we enter this next chapter of growth, we look forward to collaborating with One Rock to continue to build on our success.”
The acquisition comes after Constantia signed a joint venture agreement with India’s Premji Invest and S.B. Packagings to expand its business and operations in various packaging sectors and create value in the Indian market.
Meanwhile in other nws, Anton Paar, involed in laboratory and process measurement technology, announces a new chapter in the company’s journey, having taken over the global sales and service network of Germany-based auxiliary equipment firm Brabender, which it acquired in August 2023.
A key added value for customers lies in the 37 global sales and service centres of Anton Paar. These offer not just local expertise for the varied Brabender product portfolio, but also guarantee direct access to demo instruments, detailed sample analysis, and tailored application advice.
With more than 650 certified technicians spanning over 110 countries around the world, Anton Paar claims fast, efficient support. Customers also have the possibility to select elements from Anton Paar’s training program and adapt them to their needs.
(PRA)
Subscribe to Get the Latest Updates from PRA Please click here
©2023 Plastics and Rubber Asia. All rights reserved.
©2023 Plastics and Rubber Asia. All rights reserved.
Home Terms & Conditions Privacy Policy Webmail Site Map About Us