Industry News, Mergers and Acquisitions, Printers News

Wendel to Sell Constantia Flexibles to One Rock Capital Partners

Transaction net proceeds are €84 million above Constantia Flexibles’ valuation in Wendel’s net asset value published before the announcement.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Wendel has signed an agreement to sell Constantia Flexibles, a global flexible packaging manufacturer, to an affiliate of One Rock Capital Partners, LLC. The group produces flexible packaging for a diversified portfolio of blue-chip customers and local champions in the consumer and pharmaceutical industries. The company would be sold for a price that yields net proceeds for Wendel of c.€1,097M, reflecting a multiple of 1.94 times Wendel’s total investment in Constantia Flexibles since 2015. ...

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