In a bid to strengthen its position in the Southeast Asia labels market, Constantia Flexibles Group has acquired Australian packaging company Pemara Labels Group. The parties agreed not to disclose any financial details and the transaction is expected to close in the next few months.
Melbourne-based Pemara was founded in 1966 and produces self-adhesive labels (pressure-sensitive labels), in-mould labels and Fix-a-Form leaflet-labels. It is also a leader in digital print solutions, and last year was the first company in Asia Pacific to install an HP Indigo 30000 digital sheetfed press. In February this year the company opened its all-new purpose built printing facility in Melbourne, housing the new press and other state of the art equipment.
Pemara supplies to leading national and multinational companies from the consumer goods (FMCG), pharmaceutical, as well as food and beverage sectors across the Asia Pacific region.
“With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles,” said Mike Henry, executive VP and head of Constantia Flexibles Labels division. Henry said the acquisition would allow Constantia to expand its regional footprint and in turn support its multinational customers with their global expansion. It also strengthens the group's position in the home and personal care market.
Privately-owned Pemara achieved sales of approximately 30 million euros in the financial year ended June 2015 and currently employs more than 300 employees. It operates four plants in Australia, Malaysia, Vietnam and Indonesia, along with sales offices in Sydney (Australia) and Manila (Philippines).
“Pemara is delighted to be joining Constantia Flexibles. We have been searching for a strong global partner, and believe we have found a great match with Constantia Flexibles’ Labels division,” said Andrew McNamara, group managing director of Pemara. “We are particularly pleased that the staff and management are continuing with the business to become part of this global packaging group. We see a stronger future, when considering the many synergies we will realise with Constantia Flexibles’ Labels division.”
Constantia Flexibles Labels division is the world’s fourth largest label manufacturer supplying the food, beverage and personal care industries. The Labels division has annual revenues of more than 500 million euros and supplies over 1000 global customers, including multinational corporations and local market leaders. It operates nineteen production facilities on four continents and has over 2000 employees focused on providing innovative labelling solutions.
Pemara is Constantia Flexibles’ second acquisition in 2015 following the acquisition of Afripack in South Africa, which is expected to close in the coming weeks.
In total, Constantia Flexibles has over 3000 customers worldwide, with over 8,400 employees in almost 80 Group companies around the world.
