Industry News

Constantia Flexibles – Will they divest its label business?

AUSTRIA • According to Wendel Group, the owner of Constantia Flexibles, the manufacturer of flexible packaging and labels will probably divest its label business which so far generated a 29% share (EUR 604.7 million) of the total annual turnover of EUR 2.1 billion. In 2014 Wendel took over Constantia Flexibles for a price of EUR 2.3 billion.

According to this source, the investment bank Goldman Sachs has been designated to find a buyer for the Constantia Flexibles’ label division.

Armin Karl Geiger

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