Constantia Flexibles strengthens its position in Russia with TT-print acquisition

Vienna, Austria-based flexible-packaging producer, Constantia Flexibles, signs binding agreements to acquire a majority stake in TT-print.

At the production site in Voskresensk, Russia, packaging for the pharma and food industry is produced. The acquisition is expected to be closed in Q1 2019. TT-print was established in 1999 and has about 100 current employees. The production focus of the company remains on packaging solutions for the pharma industry. Some of the core products are printed aluminum blister foil and cold-form foils.

Alexander Baumgartner, CEO, Constantia Flexibles, says, “With this acquisition, we will be taking a leading position in the Russian pharma-packaging industry. It requires local presence to serve the rapidly growing Russian-packaging market.”

The new site in Voskresensk is Constantia Flexibles’ second plant in Russia besides Constantia Kuban in Timashevsk. The packaging expert aims to expand its market presence and proximity to customers, especially in the pharma industry in Russia and neighboring countries.

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