Constantia Flexibles Group is strengthening its position in the European pharmaceutical packaging industry through the acquisition of the flexible packaging business owned by the Italian company Lamp San Prospero SPA via an asset deal.
The acquisition is carried out by Constantia Flexibles in the context of a competitive auction as part of the restructuring process governed by the Court of Modena in Italy. The transaction is expected to be completed in the coming weeks.
Modena, Italy-based was founded in 1963 and belongs to privately-owned VIMA Holding. Its core products are printed aluminum blister foil and coldform slitting for pharmaceutical companies. Lamp achieved sales of approximately 15 million euros in 2015 and has roughly 50 employees.
“Lamp gives us greater access to the Southern European pharmaceutical market and fits in with our satellite production concept in Europe, which optimizes production and logistic processes, thus providing best-in-class service close to our customers’ facilities,” says Pierre-Henri Bruchon, executive vice president and head of Constantia Flexibles’ pharma division.
Constantia Flexibles’ pharma division has annual sales of approximately 330 million euros and supplies more than 1,000 global customers, including multinational corporations and local market leaders. The division has about 1,300 employees.
The company recently acquired labels company Pemara in Southeast Asia, flexible packaging company Afripak in South Africa and pharmaceutical packaging company Oai Hung in Vietnam.
Constantia Flexibles Group