Constantia Flexibles announces the closure of the acquisition of Propak in Turkey
Vienna, June 9, 2021
Constantia Flexibles has closed the acquisition of Propak and is proud to welcome Constantia Propak to its global network. Being one of the leading players in the European snacks market operating out of one plant from Dücze, Constantia Propak will perfectly complement Constantia Flexibles’ packaging solutions portfolio. This acquisition elevates Constantia Flexibles to one of the main players in the European snacks market.
Pim Vervaat, CEO of Constantia Flexibles, states: “The acquisition of Propak fits perfectly in our Vision 2025 growth strategy and brings Constantia Flexibles a good platform in the growing European snacks market. It will also give us the opportunity to accelerate our more sustainable EcoLam Mono-PE innovation for the salty snacks market. I am looking forward to working with the management team at Propak in helping to bring the company to the next level."
Constantia Flexibles is the world’s third largest producer of flexible packaging. Based on the guiding principle of ‘People, Passion, Packaging’, some 8,540 employees manufacture tailor-made packaging solutions at 36 sites in 16 countries. Many international companies and local market leaders from the consumer and pharma industries choose the sustainable and innovative products of Constantia Flexibles. www.cflex.com