Indian Label Directory Limited Edition

Tuesday, August 13, 2013

Constantia Flexibles acquires Globalpack, the market leader in flexible packaging in Mexico

Constantia Flexibles Group, headquartered in Vienna, Austria, completed the acquisition of 100% of Globalpack - the leading flexible packaging and folding carton company in Mexico. Thomas Unger, CEO of Constantia Flexibles, “With this transaction we significantly strengthen our market position in North America and will get access to the growing markets in Central America.”

Globalpack has sales of approx. € 180 million with ca. 1,500 employees, of which 70% is flexible packaging and 30% folding carton. Globalpack supplies mainly the fast-moving-consumer-goods industry for food, beverage and non-food products. It converts various materials such as plastic films, aluminum foil and paper. Globalpack operates at two state-of-the-art production sites in Mexico under the brand names Aluprint (in San Luis Potosí) and Grafo Regia (in Monterrey), both well established in the market. The parties agreed not to disclose the purchase price of the transaction.

The acquisition is part of the international growth strategy of Constantia Flexibles and constitutes a strong basis for further growth and expansion in North and Latin America.

www.cflex.com