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, CEO 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."
