On Thursday, One Rock Capital Partners, LLC (One Rock) announced one of its affiliates has acquired global packaging manufacturer, Constantia Flexibles.
Constantia is a leading producer of flexible packaging and partners with more than 4,000 pharmaceutical, food and consumer goods companies. Headquartered in Vienna, Austria, the company boosts more than 7,000 employees worldwide at 28 sites in 15 countries.
One Rock acquired the company from Wendel, a European investment firm, Maxburg Capital Partners and other shareholders.
“We are thrilled that Constantia is officially a part of the One Rock portfolio,” said Telmo Valido, partner at One Rock. “This is a business already distinguished by a dedicated focus on its customers, and we look forward to contributing One Rock’s industry and operational expertise to further support the Company’s ongoing growth initiatives.”
Officials said One Rock focuses on investments into companies with potential for growth and operational improvement. One Rock works collaboratively with company management to develop a comprehensive business plan focused on growth and profitability to enhance the company’s long-term value, the company said.
“Constantia’s commitment to product innovation, sustainability and quality underscores its position as a market leader in the flexible packaging industry,” said Kurt Beyer, partner at One Rock. “We look forward to working alongside Constantia’s management team to enhance its operational capabilities and suite of packaging solutions to maximize its potential.”
Officials with Constantia said they look forward to the possibilities.
“Demand for flexible packaging is increasing, and Constantia continues to strive to provide leading products and service for our customers’ growing needs,” said Pim Vervaat, CEO at Constantia Flexibles. “As we enter this next chapter of growth, we look forward to collaborating with One Rock to continue to build on our success.”