An affiliate of One Rock Capital Partners, LLC, has agreed to buy Constantia Flexibles, a packaging manufacturer with facilities in 16 countries.
Constantia, which has about 7,650 employees at 30 sites, has been owned by Wendel, a European investment firm. Terms of the deal were not disclosed.
“Constantia has grown through acquisition and innovation to be a leader serving its food and pharma customers,” said Telmo Valido, partner at One Rock, which has offices in London, New York, and Los Angeles, in a news release.
Kurt Beyer, another partner at One Rock, says One Rock’s strategic and operational resources will complement Constantia’s growth initiatives.
“In recent years under Wendel’s ownership, Constantia Flexibles transformed its business performance, developed an innovative pipeline of more sustainable products, and completed multiple acquisitions,” said Pim Vervaat, CEO at Constantia, in a release. “With diverse geographic and end market presence, the company is well-positioned to continue expanding its suite of packaging solutions amidst regulatory developments and a changing climate.”