Constantia Flexibles is a manufacturer of flexible packaging headquartered in

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

. Constantia Flexibles employs around 8,750 people, at approximately 38 production sites in 16 countries, predominantly in

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located enti ...

, North America,

Africa Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

and

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an ...

. The group supplies its products to numerous multinational corporations and local market leaders in the food, pet food, pharmaceuticals and beverage industries.

History

Constantia Flexibles is a corporate group with roots in Constantia Teich and Haendler & Natermann in

Constantia Teich

Brothers Richard and Ernest Teich founded the company “Teich OHG” in Weinburg,

in 1912 and began rolling tin and lead sheeting with 4 employees. The first

aluminum Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It h ...

band rolling stands were constructed in 1927; flexographic printing was incorporated into the production program in 1952/53 and the intaglio printing process in 1962.

Products

The company manufactures flexible packaging in the form of thin and flexible

plastic Plastics are a wide range of synthetic or semi-synthetic materials that use polymers as a main ingredient. Their plasticity makes it possible for plastics to be moulded, extruded or pressed into solid objects of various shapes. This adaptab ...

and

cellophane Cellophane is a thin, transparent sheet made of regenerated cellulose. Its low permeability to air, oils, greases, bacteria, and liquid water makes it useful for food packaging. Cellophane is highly permeable to water vapour, but may be coate ...

sheets, aluminum sheets and paper. These are used on their own or in combination, in direct and indirect primary & secondary packaging for food and non-food products, in

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and th ...

, in industrial applications as well as in the

health sector Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organiza ...

Corporate structure

The

management Management (or managing) is the administration of an organization, whether it is a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business. Management includes the activities ...

at Constantia Flexibles is made up of the Management Board and the Executive Committee. The Management Board includes recently appointed

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

Pim Vervaat, Chief Financial Officer Richard Kelsey. Funds advised by

One Equity Partners One Equity Partners is a private equity firm with over $10 billion in assets under management which primarily deals with the industrial, healthcare and technology sectors in North America and Europe. One Equity Partners was the merchant banking a ...

(OEP) and the H. Turnauer Foundation have come to an agreement with the Wendel Group to sell their 100% share in Constantia Flexibles. The Wendel offer values Constantia Flexibles at around EUR 2.3 billion (Enterprise Value). The H. Turnauer Foundation intends to remain a significant shareholder in Constantia Flexibles and is currently in talks with the Wendel Group regarding a potential reinvestment. The transaction is subject to approval from the responsible competition authorities. This is expected to be completed in the first half of 2015. In 2017, Constantia Flexibles sold its Labels division to Multi-Color Corporation for a value of approximately $1.3 billion. Following the transaction, Constantia became the owner of 16.6% of Multi Color's outstanding shares.

Locations

The Constantia Flexibles headquarters are located in the Rivergate Building in Vienna with around 130 employees. Constantia Teich GmbH, headquartered in

Weinburg Weinburg is a municipality in the district of Sankt Pölten-Land in the Austrian state of Lower Austria Lower Austria (german: Niederösterreich; Austro-Bavarian: ''Niedaöstareich'', ''Niedaestareich'') is one of the nine states of Austria, lo ...

, is one of the largest production facilities at Constantia Flexibles with approximately 900 employees.Homepage Constantia Teich, from 23 January 2015
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References

External links

* {{Authority control Austrian companies established in 2004 Manufacturing companies based in Vienna Packaging companies of Austria