Constantia Flexibles
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| Company type | GmbH |
|---|---|
| Industry | Packaging industry |
| Founded | 2004 |
| Headquarters | , |
Key people | Pim Vervaat (CEO) Richard Kelsey (CFO) |
| Products | Packaging, Food and Pharma |
| Owner |
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Number of employees | over 7,150 (2024) |
| Website | www.cflex.com |
Constantia Flexibles is a manufacturer of flexible packaging, headquartered in Vienna, Austria. Constantia Flexibles employs around 7,150 people,[1] at approximately 28 production sites in 15 countries,[2][better source needed] predominantly in Europe, North America, Africa and Asia. The group supplies its products to multinational corporations and local markets in the food, pet food, pharmaceuticals and beverage industries.
Structure[edit]
The majority of its sales are made in Europe (66%), America (18%), and the Asia-Pacific region (9%). The sales split between the divisions is 76% for the consumer and 24% for the pharma market.
Constantia Flexibles had, until 2023, three main shareholders: WENDEL Group (61%), Arepo Foundation (27%) and Maxburg Capital Partners (11%). In July 2023, the company announced its sale to a new owner, One Rock Capital Partners,[3] based in New York City, United States. The closing was completed on January 4, 2024.[4] The management at Constantia Flexibles comprises the management board and the executive committee. The management board includes Chief Executive Officer Pim Vervaat and Chief Financial Officer Richard Kelsey.[5] The executive board has six additional members.
In 2022, the company acquired Propak in Turkey, FFP Packaging Solutions in Great Britain, Drukpol in Poland, and Lászlópack in Hungary. Constantia Flexibles is also part of the joint venture SB-Constantia.
Products[edit]
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The company manufactures flexible packaging out of plastic, aluminum and paper. Constantia Flexibles also offers different materials, such as aluminium foil, aluminium, polypropylene (PP) and polyethylene terephthalate (PET). These are used on their own (mono-structure) or in combination (multi-layer) for food and non-food products, in retail, in industrial applications and in the health sector.
Constantia Flexibles has two main divisions: consumer and pharma. The consumer division offers flexible packaging for food products, home and pet care. It is responsible for 76% of Constantia Flexibles’ sales. The pharma division makes about 24% of sales and produces packages for blisters, containers, flow wraps, and sachets. Some products are with anti-counterfeiting features, child-resistant features or desiccant features.
History[edit]
Constantia Flexibles was founded in 1912 in Weinburg, Austria, by Constantia Teich. The packaging producer is Haendler & Natermann.
In 1912, the brothers Richard and Ernest Teich founded the company TEICH OHG and started with four employees with the rolling of tin and lead foils. In 1952, Flexo printing was included in the production. In 1969, Herbert Turnauer founded Constantia Industrieverwaltungsgesellschaft m.b.H. to carry out the management of investments in the Turnauer group. In 1970, Herbert Turnauer acquired Teich AG as the main shareholder.
In 2004, the formal merger of the Teich Group and the Haendler & Natermann Group was started. Two years later, in 2006, the umbrella brand was introduced. In 2010, a second rolling mill was put into production. Since 2012, the headquarters of Constantia Flexibles have been located in Vienna, Austria. In October 2015, Constantia Flexibles opened its Competence Center for Research and Development of polymer films and film laminates for flexible packaging.[6] The center is located in Weiden, Germany. In 2017, Constantia Flexibles has been awarded with the EcoVadis Gold medal.[7] The company set a plan to reduce greenhouse gas emissions with the Science Based Target Initiative in 2017.[8] A year later, the company announced plans to reduce Scope 1, 2 and 3 GHG emissions by 24% by 2030 and 49% by 2050 from a 2015 baseline.[9]
In 2018, the company introduced its packaging line, Ecolutions.[10] In 2020 and 2022, Constantia Flexibles was awarded leadership by the non-profit Carbon Disclosure Project. In October 2022,[11][12] the company announced plans to invest €80 million in its plant in Lower Austria. Part of the project is a new rolling mill for the production of aluminum packaging and low-carbon aluminum.
On January 4, 2024, One Rock Capital Partners announced that it had completed the purchase of Constantia Flexibles.[13]
Locations[edit]
Constantia Flexibles is present in 15 countries,[14] with a primary emphasis on the European market. The company's largest manufacturing facility is situated in Weinburg, Austria, which is also the place where the company was originally founded. The company's corporate headquarters are located in Vienna, Austria.
References[edit]
- ^ Fragner, Bernhard (February 5, 2015). "Die Gipfelstürmer". Industrie Magazin (in German). Archived from the original on February 5, 2015.
- ^ website Constantia Flexibles, from 27/01/2015 Archived 2015-01-23 at the Wayback Machine
- ^ "Wendel to sell Constantia Flexibles to One Rock Capital Partners affiliate". Packaging Europe. July 31, 2023. Archived from the original on August 2, 2023. Retrieved December 21, 2023.
{{cite web}}: CS1 maint: unfit URL (link) - ^ "Sale of Constantia Flexibles to One Rock Capital Partners is completed". Wallstreet Online (in German). January 4, 2024. Archived from the original on January 10, 2024. Retrieved January 10, 2024.
- ^ "Constantia Flexibles Homepage, from 21/12/2023".
- ^ "Constantia Flexibles opens new competence center for films | Labels & Labeling". www.labelsandlabeling.com. October 22, 2015. Retrieved December 21, 2023.
- ^ "EcoVadis Rating". cflex. June 1, 2022. Retrieved December 21, 2023.
- ^ "Committed to Sustainability (Science Based Targets)". cflex. May 15, 2017. Retrieved December 21, 2023.
- ^ "Constantia sets science based target". cflex. September 18, 2018. Retrieved December 21, 2023.
- ^ "Constantia Flexibles Introduces Ecolutions Line of Sustainable Packaging | 2018-11-08 | Packaging Strategies". www.packagingstrategies.com. Retrieved December 21, 2023.
- ^ "Constantia Flexibles recognized with an 'A' score for climate protection measures | News - RECYCLEAN". www.recyclean.in. Retrieved December 21, 2023.
- ^ "Constantia Flexibles invests €80M in Austrian facility to boost European aluminum foil production". .packaginginsights.com/. Retrieved December 21, 2023.
- ^ "One Rock Capital Partners completes acquisition of Constantia Flexibles from Wendel". Constantia Flexibles Group. January 4, 2024. Retrieved January 24, 2024.
- ^ "Locations". cflex. Retrieved December 21, 2023.
