03.04.2018

Constantia Flexibles GmbH : snaps up Indian packaging group

Creative Polypack is Indias fourth largest flexible packaging group, manufacturing film-based flexible packaging for the food and home & personal care (HPC) industries, as well as paper-based soap wrappers. It is forecast to achieve sales of about 75m in the business year 2017/2018 and currently employs around 850 people at eight Indian production sites. Creatives senior management will remain in their current roles.

Alexander Baumgartner, Constantia Flexibles chief executive, said: Through this acquisition, we will become the third largest flexible packaging company in India the fastest growing packaging market globally, with double-digit growth rates driven by the megatrend urbanization and the expansion of the retail sector. In addition, we gain a stronger footprint in the HPC market, which complements our existing customer portfolio, while we are now able to cover the whole of the Indian subcontinent with our extensive production footprint.


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