Constantia Flexibles Acquires Flexible Packaging Business

On Oct. 4, 2016, Constantia Flexibles Group announced that it has acquired the flexible packaging business owned by the Italian company Lamp San Prospero SPA via an asset deal. The acquisition is carried out by Constantia Flexibles in the context of a competitive audition as part of the restructuring process governed by the Court of Modena in Italy. The transaction is expected to be completed in the upcoming weeks.

Lamp is based in Modena and was founded in 1963. The company belongs to privately-owned VIMA Holding. Its core products are printed aluminum blister foil and cold-form slitting for major pharmaceutical companies. Lamp achieved sales of approximately 15 million euros in 2015 and currently has about 50 employees. It operates production sites in Austria, Germany, Spain, Vietnam, the United Kingdom, and Belgium.

The pharma division has annual sales of approximately 330 million euros and supplies over 1000 global customers, including multinational corporations and local market leaders. The division has about 1300 employees. Constantia Flexibles recently acquired the labels company Pemara in Southeast Asia, the flexible packaging company Afripack in South Africa, and the pharmaceutical packaging company Oai Hung in Vietnam.

Source: Constantia Flexibles Group