12.06.2013

Constantia Flexibles takes stake in Parikh Packaging

Constantia Flexibles has taken a 60 percent share in India’s Parikh Packaging, as it looks to further its presence in the growing market.

Parikh Packaging serves the food, health and personal care, and non-food industries. The company is well established in the market operating from, Ahmedabad north of Mumbai in the state of Gujarat.

Constantia Flexibles has acquired 60 percent of the shares in Parikh Packaging, with the remaining shares to stay with the Parikh family. Constantia Flexibles has made a number of investment in 2013, including in its US production capabilities and moving into the label market with the acquisition of Spear. The acquisition is part of the international growth strategy of Constantia Flexibles, and constitutes another important step for further growth and expansion in Asia as the deal gives it a “strong position in the world´s fastest growing flexible packaging market”.


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