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Constantia Flexibles acquires stake in Indian packaging firm

Flexible packaging group Constantia Flexibles has completed the previously announced acquisition of 60% stake in India-based Parikh Packaging.

The remaining shares, according to Constantia, remain with the Parikh family.

Parikh acquisition is part of Constantia’s international growth strategy and constitutes another vital step for further growth and Asian expansion.

Parikh Packaging, which has sales of €22m, serves the food, health and personal care (HPC) and non-food industries.

Constantia Flexibles serves international customers in the food, pet food, pharmaceutical and beverage industries.

The parties have not disclosed the transaction value.