#Vienna #Austria #One Rock Capital #Constantia Flexibles #Aluflexpack AG

Constantia Flexibles and Aluflexpack: A New Era in Packaging

In a significant move that underscores its commitment to growth and sustainability, Constantia Flexibles, a renowned global packaging manufacturer, has successfully completed the acquisition of a majority of shares in Aluflexpack AG. This strategic acquisition, which was finalized on March 4, 2025, will not only enhance Constantia's market presence but also create new opportunities in product innovation and sustainable packaging solutions.

Details of the Acquisition

Constantia Flexibles, backed by One Rock Capital Partners, has acquired approximately 57% of Aluflexpack's shares from Montana Tech Components AG and Xoris GmbH. In addition to this stake acquisition, Constantia initiated a tender offer for the remaining publicly held shares, which will enable a squeeze-out process and subsequently lead to the delisting of Aluflexpack shares following a court decision.

Aluflexpack, headquartered in Reinach, Switzerland, is recognized for its high-quality custom flexible packaging solutions primarily serving the food and pharmaceutical sectors. With around 1,700 employees across nine countries, Aluflexpack stands as a pivotal player in the European packaging landscape.

Statements from Leadership

David Spratt, CEO of Constantia Flexibles, expressed his enthusiasm for this acquisition, stating, "We are delighted to welcome Aluflexpack to the Constantia Flexibles Group. This acquisition strengthens our leadership position in product innovation and sustainability, while enhancing our ability to offer a wider range of packaging solutions to our customers. We are eager to work with the Aluflexpack team to integrate our businesses and pursue a shared growth trajectory."

Johannes Steurer, CEO of Aluflexpack, shared similar sentiments, noting, "The acquisition by Constantia marks an exciting new chapter for Aluflexpack. Over the last decade, we have transformed into one of Europe's leading flexible packaging companies. With Constantia's partnership, we now have a collaborator that aligns with our commitment to sustainability and innovation, opening up a host of growth opportunities for both companies."

The Path Forward

As both companies embark on this new venture together, a strong focus will be placed on enhancing product offerings while maintaining sustainable practices. Constantia Flexibles has been recognized for its sustainability efforts, rated Level A- by the Climate Change Leadership (CDP) and Platinum by EcoVadis in 2024. This commitment to sustainability resonates with Aluflexpack's operational ethos as well.

Jefferies provided financial advisory services to Constantia during this acquisition, while MP Corporate Finance advised Aluflexpack and its previous shareholders. The legal complexities surrounding this transaction were navigated with guidance from leading law firms including Willkie, Farr & Gallagher LLP, Latham & Watkins LLP, Bär & Karrer, and others.

About Constantia Flexibles

Constantia Flexibles, based in Vienna, is a prominent producer of flexible packaging solutions that cater to many international brands within the consumer and pharmaceutical sectors. The company's mission is to lead the industry in sustainability, which remains a pivotal consideration in their product development processes. More information about Constantia Flexibles can be found on their website at www.cflex.com.

About Aluflexpack AG

With roots in the flexible packaging sector, Aluflexpack has developed long-lasting relationships based on quality and customer service. Their production capabilities span across Switzerland, France, Poland, Türkiye, Croatia, the USA, and Tunisia, further exemplifying their industry reach. More about Aluflexpack can be accessed through their website at www.aluflexpack.com.

Conclusion

The acquisition of Aluflexpack AG by Constantia Flexibles highlights a strategic path towards innovation and sustainability in the packaging industry. Together, they are poised to redefine market standards while bolstering their commitment to eco-friendly practices as they serve a growing global market.