One among the reputed flexible packaging companies, Constantia Flexibles has been bought by a leading French investment firm. Wendel Group of Paris declared on 23rd Dec, 2014 that the firm is buying Constantia from the New York based equity partners, private equity firm of JP Morgan Chase & Co. and H. Turnauer Foundation. In order to own Constantia, Wendel Group is paying Euro 2.3 billion which is about nine times more than the 2014’s earnings leaving amortization, taxes, interest and depreciation. Wendel estimates the closing of purchase during the first semester of 2015 possessing frequent growth; Constantia has developed as a focused provider in the country for flexible packaging.
Read more about the deal here – http://www.europeanplasticsnews.com/subscriber/headlines2.html?cat=1&id=5390
According to Thomas Unger, the CEO of Constantia Flexibles, during current year, the company has developed into a global active group with its fastest growth deals and attractive competitive features. The company has been positioned greatly for profit and continuous growth in future and the management of the company will support the new owner for realizing the potentials for further growth.
On the other hand, the chairman of Wendel, Frederic Lemoine states that the company specializes in flexible packaging and has great potentials for chasing the current worldwide market trends.
Hiç yorum yok:
Yorum Gönder