Industry News

Constantia Flexibles – Sale of label business to Multi-Color completed

Constantia Flexibles sells its labels division to Multi-Color (Source: Constantia Flexibles, Multi-Color)

AUSTRIA • Constantia Flexibles has successfully completed the sale of its Labels division to Multi-Color Corporation for an enterprise value of approximately EUR 1.15 billion (USD 1.3 billion).  Constantia Flexibles has received approximately EUR 830 million in cash and keeps 16.6% shareholding of Multi-Color. The combined annual revenues of the two businesses will be approximately USD 1.7 billion.

All required regulatory authorities have cleared the transaction. According to the companies, the transaction brings together the food and beverage business of Constantia Flexibles’ Labels division with Multi-Color’s wine & spirit and home & personal care platforms, as well as an emerging global position in Healthcare.

Wendel is majority shareholder of Constantia Flexibles, with a 60.5% equity holding.

Constantia announced the sale of its label business in July 2017 – more details please find in this post.

Rosina Obermayer

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