Constantia Flexibles completes acquisition of Oai Hung
Constantia Flexibles Group has successfully completed its acquisition of pharmaceutical packaging manufacturer Oai Hung Co., Ltd. in Vietnam. The transaction was originally announced on April 26.
Headquartered in Ho Chi Minh City, Oai Hung is a family-owned company founded in 1988. It achieved sales of 25 million euro in 2015 and has currently 240 employees. The main products are aluminum blister foil and rigid film for the growing local pharmaceutical market. In addition, the company already has a meaningful presence in the dairy lidding sector having only entered this market in the last two years. The state-of-the-art production site is equipped with a clean room that meets high international standards.
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 and close to 10,000 employees worldwide. The company produces at 54 sites in 23 countries.