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 PotosÃ) 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.
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