Constantia Flexibles acquires majority stake in Aluflexpack to strengthen market presence 

SWITZERLAND – Constantia Flexibles, a global leader in flexible packaging, has officially acquired a majority stake in Aluflexpack, a Swiss-based provider of flexible packaging and barrier solutions.

The move will broaden Constantia’s portfolio, expand its presence in Turkey and Poland, and drive growth across Southeast Europe.

The acquisition follows a formal agreement in February 2023, in which Constantia Flexibles secured 57% of Aluflexpack’s shares.

Aluflexpack specializes in packaging solutions for the food and pharmaceutical industries and has approximately 1,700 employees in nine countries.

As part of the transaction, Constantia, a One Rock Capital Partners portfolio company, acquired Aluflexpack’s shares from Montana Tech Components and Xoris.

Additionally, Constantia completed a tender offer for the remaining publicly held shares, reinforcing its long-term commitment to Aluflexpack’s operations.

Welcoming Aluflexpack into the group, Constantia Flexibles CEO David Spratt emphasized the strategic benefits of the acquisition.

“We believe the combination with Aluflexpack will strengthen our leadership in product innovation and sustainability while enhancing our ability to serve customers with a broader range of packaging solutions. We look forward to integrating our businesses and pursuing a shared growth trajectory,” he said.

Following the acquisition, Constantia initiated a squeeze-out process, instructing Aluflexpack to apply for the delisting of its shares as outlined in the offer prospectus.

Aluflexpack CEO Johannes Steurer expressed optimism about the acquisition, highlighting the company’s transformation over the past decade into one of Europe’s leading flexible packaging providers.

“With Constantia, we now have a partner that shares our commitment to sustainability and innovation. Our team is excited about the growth opportunities that lie ahead,” Steurer noted. 

Cold Chain Technologies buys Global Cold Chain Solutions

Meanwhile, US-based Cold Chain Technologies (CCT) has acquired Global Cold Chain Solutions (GCCS) in the cold chain packaging sector, further expanding its Asia-Pacific footprint.

GCCS, headquartered in Melbourne, Australia, specializes in temperature-controlled packaging and monitoring for pharmaceuticals, healthcare, and logistics.

With manufacturing sites in Australia and India, the company provides GDP-compliant thermal assurance solutions for life-saving drugs.

The acquisition enables CCT to enhance its sustainable thermal packaging portfolio while accelerating digital monitoring solutions.

“We have long admired CCT as an industry leader and believe it is the ideal partner to support GCCS’ next growth phase,” said GCCS Founder & CEO Andrew Meyers.

“By leveraging CCT’s expertise, we can expand our global reach and innovation in cold chain solutions.” 

CCT CEO Ranjeet Banerjee emphasized the deal’s strategic importance, noting GCCS’s strong regional market presence and advanced technologies.

“Asia-Pacific continues to see rapid investment in life sciences, and partnering with GCCS allows us to expand our regional capabilities further,” Banerjee stated.

The acquisition marks CCT’s fifth since partnering with Aurora Capital Partners in 2019, reinforcing its commitment to sustainable thermal packaging, digital solutions, and global service expansion.

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