One Rock Capital partners acquires Constantia Flexibles from Wendel

Pim Vervaat, CEO at Constantia
Pim Vervaat, CEO at Constantia

One Rock Capital Partners, LLC today announced one of its affiliates has entered into a definitive agreement to acquire Constantia Flexibles (“Constantia” or the “Company”), a leading global packaging manufacturer, from Wendel, one of Europe’s leading listed investment firms.

Constantia is the partner of choice for flexible packaging to more than 4,000 pharmaceutical, food and consumer goods customers. With a team of over 7,000 employees, the Company manufactures and provides custom packaging solutions across the globe.

Telmo Valido, Partner at One Rock
Telmo Valido, Partner at One Rock

“Constantia has grown through acquisition and innovation to be a leader serving its food and pharma customers,” said Telmo Valido, Partner at One Rock. “We look forward to partnering with Constantia’s management team to continue innovating to solve for the evolving packaging needs and sustainability requirements of the Company’s customers.”

“We are very pleased to welcome Constantia Flexibles to the One Rock family,” added Kurt Beyer, Partner at One Rock. “We believe our strategic and operational resources will complement management’s efforts to pursue Constantia’s growth initiatives while maintaining the standards of quality and service valued by its customers.”

“In recent years under Wendel’s ownership, Constantia Flexibles transformed its business performance, developed an innovative pipeline of more sustainable products and completed multiple acquisitions,” said Pim Vervaat, CEO at Constantia. “With diverse geographic and end market presence, the Company is well-positioned to continue expanding its suite of packaging solutions amidst regulatory developments and a changing climate, and we look forward to partnering with One Rock during this next chapter.”

J.P. Morgan served as lead financial advisor and Latham & Watkins LLP served as legal advisor to One Rock on the transaction. Willkie Farr & Gallagher LLP served as legal advisor and Evercore served as financial advisor to Constantia.


Also Read:

Lincoln Property Company acquires RiverRock Real Estate Group

BlackRock Inc. to fully acquire Kreos Capital