Constantia Flexibles Strengthens Its Position in Russia

Constantia Flexibles, the world’s third-largest flexible packaging producer, signed binding agreements to acquire a majority stake in TT-print on Dec. 21, after more than a decade of successful cooperation between the two companies. At the production site in Voskresensk, Russia, packaging for the pharma and food industry is produced. The acquisition is expected to be closed in the first quarter of 2019.
 
TT-print was established in 1999 and has approximately 100 employees. The production focus of the company lies on packaging solutions for the pharma industry. Some of the core products are printed aluminum blister foil and coldform.
 
“With this acquisition, we will be taking a leading position in the Russian pharma packaging industry,” said Alexander Baumgartner, CEO, Constantia Flexibles. “It requires local presence to serve the rapidly growing Russian packaging market.”
 
The new site in Voskresensk is Constantia Flexibles’ second plant in Russia besides Constantia Kuban in Timashevsk. The packaging expert aims to expand its market presence and proximity to customers, especially in the pharma industry in Russia and neighboring countries.