Constantia Flexibles completes acquisition of Afripack
Constantia Flexibles has successfully completed the acquisition of the South African flexibles packaging group Afripack after receiving approval from the relevant anti-trust authorities.
“We welcome the Afripack employees into our group and look forward to growing the business in this exciting continent in the future,” said Friedrich Humer, Executive Vice President Food Emerging Markets of Constantia Flexibles.
The African continent is one of the fastest-growing markets for flexible packaging. Demand is being driven by the megatrend urbanization, ongoing investments by multinationals, a wealthier middle-class and an expanding retail market.
Afripack currently has around 1,150 employees and operates four plants in South Africa and one each in Kenya and Mauritius.
Constantia Flexibles is one of the world’s leading manufacturers of flexible packaging products and labels. The Group supplies its products to numerous multinational corporations and local market leaders in the food, pet food, pharmaceuticals and beverage industries. In total, Constantia Flexibles has over 3,000 customers worldwide and close to 10,000 employees worldwide.