Constantia Flexibles – Acquires Italy’s leading dairy lidding company, TR Alucap
AUSTRIA • In early March Constantia Flexibles Group announced it was purchasing the Italian maker of aluminum die-cut lids and plastic films, TR Alucap for an undisclosed sum.
Located in Borgo Valsugana, near Trento, Italy, TR Alucap is located in the area with the highest yoghurt production in the nation. Formerly owned by two private equity companies, TR Alucap has annual sales of close to 20 million euros. It employs more than 50 employees at its plant and supplies lids and plastic films to local dairies and international food manufacturers.
By acquiring TR Alucap, Constantia is now able to “extend our market share in the Italian dairy market – the fifth largest in Europe – and fits in with our strategy of strengthening our position as a leading player in the European foil packaging market,” said Stefan Grote, executive vice president of Constantia’s food Europe division.
Constantia Flexibles’ business unit Dairy has a European network of plants producing for its global customers: yoghurt lids, yoghurt banderoles, liquid pouches and stick pack laminates for yoghurts, capping foil for milk bottles, wrap foils for butter and margarine, cheese foil/films and laminates, as well as toppers for cereals.
Constantia Flexibles is a manufacturer of flexible packaging products and labels. The Group supplies its products to numerous multinational corporations and local market leaders in the food, pet food, pharmaceuticals and beverage industries. In total, Constantia Flexibles has over 3,000 customers and more than 10,000 employees worldwide. The company produces at 55 sites in 24 countries.