Constantia Flexibles announces Propak acquisition in Turkey

Vision 2025 plan for growth and sustainability

Pim Vervaat CEO Constantia Flexibles Photo Constantia
Pim Vervaat CEO Constantia Flexibles Photo Constantia

On 30 April 2021, Constantia Flexibles announced the signing of an agreement to acquire the packaging producer Propak located in Dücze, Turkey. Propak is a leading player in the European packaging industry for the snacks market operating out of one plant with approximately 360 employees and will complement Constantia Flexibles’ packaging solutions portfolio. The acquisition elevates Constantia Flexibles to one of the main players in the European snacks market.

This acquisition enables strong synergy potentials and is a sizable step in Constantia Flexibles’ film packaging presence in a growing market segment. Propak has delivered a very strong historical financial performance. It is highly complementary to Constantia Flexibles’ existing site in Turkey, Constantia ASAS, adding flexo printing capabilities and access to an adjacent market segment. It significantly reinforces Constantia Flexibles’ position with the key customers in this market and furthermore, increases future potential for business growth.

Pim Vervaat, CEO of Constantia Flexibles, states, “The acquisition of Propak fits perfectly in our Vision 2025 growth strategy and brings Constantia Flexibles a good platform in the growing European snacks market. It will also give us the opportunity to accelerate our more sustainable EcoLam Mono-PE innovation for the salty snacks market. I am looking forward to working with the management team at Propak in helping to bring the company to the next level.”

The transaction is expected to be completed in Q2 2021, pending regulatory approvals.

Incremental update on Constantia Flexibles

There have been a flurry of stories in the last couple of weeks about Constantia Flexibles new investments, acquisitions and expansion in its plants. Three stories that come to mind are the company’s investment in a 5-layer blown film line at the Kolkata plant that it acquired when it acquired multi-locational flexible packaging printer and converter Creative several years ago.

Our readers are also aware of its acquisition of Parikh Packaging in Ahmedabad and the subsequent building of the brand new greenfield venture with Parikh to manufacture its Ecolam PE-based recyclable packaging also near Ahmedabad. Subsequently, the Parikh family divested its entire holdings in Constantia-Parikh.

Last week also brought the news of Constantia opening its new plant in Copenhagen with considerable flexible packaging capacity for the Scandinavian market. The new plant which was commissioned in March 2021, will triple the company’s capacity for Scandinavia and has automation and environmentally relevant features including the generation of green electricity and the plan to manufacture sustainable structures that it calls Ecolutions.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.


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