Constantia Flexibles

Constantia Flexibles is a manufacturer of flexible packaging headquartered in Vienna, Austria. Constantia Flexibles employs around 8,750 people,[1] at approximately 38 production sites in 16 countries,[2] predominantly in Europe, North America, Africa and Asia. The group supplies its products to numerous multinational corporations and local market leaders in the food, pet food, pharmaceuticals and beverage industries.

Constantia Flexibles
TypeGmbH
IndustryPackaging industry
Founded2004
Headquarters
Vienna
,
Austria
Key people
Pim Vervaat (CEO), Richard Kelsey (CFO)
ProductsPackaging, Food and Pharma
Number of employees
over 8,750 (2022)
Websitewww.cflex.com

History

Constantia Flexibles is a corporate group with roots in Constantia Teich and Haendler & Natermann in Europe.

Constantia Teich

Brothers Richard and Ernest Teich founded the company “Teich OHG” in Weinburg, Austria in 1912 and began rolling tin and lead sheeting with 4 employees. The first aluminum band rolling stands were constructed in 1927; flexographic printing was incorporated into the production program in 1952/53 and the intaglio printing process in 1962.


Products

The company manufactures flexible packaging in the form of thin and flexible plastic and cellophane sheets, aluminum sheets and paper. These are used on their own or in combination, in direct and indirect primary & secondary packaging for food and non-food products, in retail, in industrial applications as well as in the health sector.[3]

Corporate structure

The management at Constantia Flexibles is made up of the Management Board and the Executive Committee. The Management Board includes recently appointed Chief Executive Officer Pim Vervaat, Chief Financial Officer Richard Kelsey.[4] Funds advised by One Equity Partners (OEP) and the H. Turnauer Foundation have come to an agreement with the Wendel Group to sell their 100% share in Constantia Flexibles.[5] The Wendel offer values Constantia Flexibles at around EUR 2.3 billion (Enterprise Value). The H. Turnauer Foundation intends to remain a significant shareholder in Constantia Flexibles and is currently in talks with the Wendel Group regarding a potential reinvestment. The transaction is subject to approval from the responsible competition authorities. This is expected to be completed in the first half of 2015.[6]

In 2017, Constantia Flexibles sold its Labels division to Multi-Color Corporation for a value of approximately $1.3 billion. Following the transaction, Constantia became the owner of 16.6% of Multi Color's outstanding shares.[7]

Locations

The Constantia Flexibles headquarters are located in the Rivergate Building in Vienna with around 130 employees. Constantia Teich GmbH, headquartered in Weinburg, is one of the largest production facilities at Constantia Flexibles with approximately 900 employees.[8]

References
  1. website Industriemagazin, from 29/01/2015 Archived 2015-02-05 at the Wayback Machine
  2. website Constantia Flexibles, from 27/01/2015 Archived 2015-01-23 at the Wayback Machine
  3. "Homepage Constantia Flexibles, History". Archived from the original on 2015-01-24. Retrieved 2015-02-05.
  4. "Constantia Flexibles Homepage, from 29/01/2015". Archived from the original on 2015-01-24. Retrieved 2015-02-05.
  5. press release dated 23 December 2014 Archived 23 January 2015 at the Wayback Machine
  6. press release dated 24 December 2014, Wendel Group
  7. "Multi-Color Corporation completes Constantia Labels Division acquisition". Label and Narrow Web. 2017-10-31. Archived from the original on 2019-01-14. Retrieved 2019-10-10.
  8. Homepage Constantia Teich, from 23 January 2015
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