The acquisition will support Constantia Flexibles to expand its European flexo printing platform and will aid Lászlópack to grow outside of Hungary
Flexible packaging maker Constantia Flexibles has snapped up Hungary-based flexible packaging producer Lászlópack for an undisclosed sum.
With the acquisition, Constantia Flexibles intends to expand its European flexo printing platform.
In the past, the firm completed international acquisitions like FFP Packaging Solutions in Great Britain, Propak in Turkey and Drukpol in Poland to extend its European flexo printing platform.
Constantia Flexibles CEO Pim Vervaat said: “We are growing with Lászlópack! We share a common vision to serve our customers with more eco-friendly, innovative packaging solutions.
“This acquisition further seizes new growth opportunities for Lászlópack to grow outside of Hungary as well as for us to support their customers with our more sustainable product offerings.”
Founded in 1998, Lászlópack has a plant in Komarom, which is about 100km northwest of Budapest.
The company has around 87 employees who primarily work for food applications to the local market and selected export nations.
Lászlópack CEO Szabolcs László said: “Our partnership with Constantia Flexibles marks a significant milestone in our growth journey. It’s a strategic collaboration rooted in our mutual dedication to offering the finest flexible packaging solutions.
“We can now serve more customers around the world and make a significant impact in developing more eco-friendly packaging options. Customers will benefit from an expanded portfolio of products and services fueled by the cooperation with Constantia Flexibles.”
Last month, the company agreed to acquire the Polish company Drukpol Flexo. Drukpol focuses on flexo printing, extrusion lamination, and vertical integration for domestic food and HPC markets.
In January this year, Constantia Flexibles signed a joint venture (JV) agreement for its Indian business with Premji Invest and SB Packagings to grow and generate value in the Indian market.
Last year, the flexible packaging maker unveiled its plan to invest more than €80m in its Constantia Teich facility in Austria. The firm will construct a new rolling mill and another lacquering line.