Wendel To Sell Constantia Flexibles
Wendel has signed an agreement to sell Constantia Flexibles, a global flexible packaging manufacturer, to an affiliate of One Rock Capital Partners, LLC. The group produces flexible packaging for a di- versified portfolio of customers in the consumer and pharmaceutical industries.
The company would be sold for a price that yields net proceeds for Wendel of €1,097 million, reflect- ing a multiple of 1.94 times Wendel’s total invest- ment in Constantia Flexibles since 2015. The closing of the transaction should take place during the second half of 2023, subject to the sat- isfaction of the contractual conditions precedents, including the clearance by regulatory authorities. AICC Offers All Access Pass AICC, The Independent Packaging Association, is offering more than 100 industry-specific webinar recordings as part of the 2023 All Access Pass. The Pass also includes One Point Lessons to allow employees of member plants to get quick tips and tools to enhance their skills. “AICC webinars offer timely topics, the latest trends, and current best practices,” said Taryn Pyle, AICC Director of Education & Leadership Develop- ment. “This is information that is constantly evolv- ing and critical to a boxplant’s success today.” Live webinars will be free to AICC members this year, but the recordings will only be available for indi- vidual purchase or accessed with the All Access Pass. Webinar topics include: • Understanding the Relationship Between Cost and Price: How to Unlock Maximum Profitability • Workforce Sticky Situations - Prevention Before Investigation • Get Tax Credits for Sustainability Research and Development • Ransomware: Security Solutions For Your Firm • Key Account Development • Rotary Die Cutting Operations Learn more at www.AICCbox.org/Pass.
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6 August 14, 2023 Flexo Market News
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