Constantia Flexibles and Aluflexpack join forces to strengthen leadership in innovation and sustainability

Constantia Flexibles, a global packaging manufacturer and portfolio company owned by an affiliate of One Rock Capital Partners, announced that it has successfully completed the acquisition of a majority of shares of Aluflexpack.

Constantia has acquired approximately 57% of the shares of Aluflexpack from Montana Tech Components AG ("MTC") and Xoris GmbH, and in parallel settled a successful tender offer for the remaining publicly held registered shares (the "Offer"). As announced in the offer prospectus, Constantia initiated the squeeze-out procedure and had Aluflexpack apply for the delisting of the Aluflexpack shares, such delisting to be effective as of the date of the court decision regarding the squeeze-out.

Aluflexpack is a leading European producer of custom flexible packaging, serving food and pharmaceutical sectors. Headquartered in Reinach (Aargau), Switzerland, Aluflexpack employs approximately 1,700 employees in 9 countries.

"We are delighted to welcome Aluflexpack to the Constantia Flexibles Group," said David Spratt, chief executive officer of Constantia. "We believe the combination with Aluflexpack will strengthen our leadership in product innovation and sustainability and will improve our ability to serve customers with a broader range of packaging solutions. We look forward to joining forces with the Aluflexpack team to complete the integration of the businesses and embark upon our joint growth trajectory."

Johannes Steurer, chief executive officer of Aluflexpack, stated, "The acquisition by Constantia marks an exciting new chapter for Aluflexpack. Over the last decade, we have transformed Aluflexpack into one of Europe's leading flexible packaging companies. With Constantia, we now have a partner that shares our commitment to sustainability and innovation, and our team is excited about the potential growth opportunities that lie ahead for both companies together."

Jefferies acted as exclusive financial advisor and Willkie, Farr & Gallagher, Latham & Watkins and Bär & Karrer as legal advisors to Constantia in the context of this transaction. MP Corporate Finance acted as exclusive financial advisor to Aluflexpack, MTC and Xoris and Walder Wyss and Freshfields as legal advisors to MTC.