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Constantia Flexibles Acquires Propak

The transaction is expected to be completed in Q2 2021, pending regulatory approvals.

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By: Anthony Locicero

Copy editor, New York Post

Constantia Flexibles signed an agreement to acquire the packaging producer Propak located in Dücze, Turkey. 
 
Propak is a player in the European packaging industry for the snacks market operating out of one plant with approximately 360 employees. 
 
This acquisition is highly complementary to Constantia Flexibles’ existing site in Turkey, Constantia ASAS, adding flexo printing capabilities and access to an adjacent market segment. 
 
“The acquisition of Propak fits perfectly in our Vision 2025 growth strategy and brings Constantia Flexibles a good platform in the growing European snacks market,” said Pim Vervaat, CEO of Constantia Flexibles. “It will also give us the opportunity to accelerate our more sustainable EcoLam Mono-PE innovation for the salty snacks market. I am looking forward to working with the management team at Propak in helping to bring the company to the next level.”
 
The transaction is expected to be completed in Q2 2021, pending regulatory approvals.

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