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Constantia Flexibles signs joint venture in India

Constantia Flexibles has signed a joint venture agreement for its business activities in India with Premji Invest and SB Packagings.

Constantia Flexibles has signed a joint venture agreement for its business activities in India with Premji Invest and SB Packagings. The merger should help the company to grow further and generate added value in the Indian market.

The joint venture is targeting both organic and inorganic growth in higher value-added market segments in India, continuing its strong growth trajectory in the hygiene segment while at the same time further developed the more sustainable EcoLam mono-material product range.

With the new partners, Constantia Flexibles will be able to strengthen its business in the region and in various market segments. As SB Packagings is a leading supplier in the hygiene segment, the new partnership will contribute to this, to expand the Constantia Flexibles portfolio.

„The success of SB Packagings deserves my utmost respect and together with the support of Premji Invest we will profitably expand the company's position.“

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Pim Vervaat, CEO of Constantia Flexibles

The closing of the joint venture agreement is expected to take place at the end of March, subject to regulatory approvals. For the transaction KPMG India as exclusive financial advisor from Constantia Flexibles.

Source: Constantia Flexibles

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