Constantia Flexibles, a global packaging manufacturer, has completed the acquisition of a majority stake in Aluflexpack AG, acquiring approximately 57% of shares from Montana Tech Components AG and Xoris GmbH. The acquisition also included a successful tender offer for the remaining publicly held shares, leading to the initiation of a squeeze-out procedure and a pending delisting of Aluflexpack shares.
Aluflexpack, headquartered in Reinach, Switzerland, is a leading European producer of custom flexible packaging for the food and pharmaceutical industries, employing approximately 1,700 people across 9 countries.
David Spratt, CEO of Constantia, expressed excitement about the acquisition, stating that it will enhance the company’s leadership in product innovation and sustainability, while expanding its packaging solutions portfolio. Johannes Steurer, CEO of Aluflexpack, echoed the sentiment, noting that the acquisition will open up new growth opportunities and strengthen the company’s commitment to innovation and sustainability.
Jefferies served as the exclusive financial advisor to Constantia, with Willkie, Farr & Gallagher LLP, Latham & Watkins LLP, and Bär & Karrer providing legal counsel. MP Corporate Finance acted as the financial advisor to Aluflexpack, Montana Tech Components, and Xoris GmbH, with legal support from Walder Wyss and Freshfields.
