Constantia Flexibles has acquired Australia-based Pemara Labels for an undisclosed amount, a move that will bolster the former's footprint in the Southeast Asian labels market.
Founded in 1966, Pemara operates four plants in Australia, Malaysia, Vietnam and Indonesia where it manufactures self-adhesive labels (pressure-sensitive labels), in-mould labels and Fix-a-Form leaflet-labels.
With over 300 employees, Pemara generated €30m in sales for the year ended June 2015.
Pemara supplies its products to consumer goods, pharmaceutical, as well as food and beverage sectors across the Asia Pacific region.
Constantia labels division head Mike Henry said: "With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles.
"We can expand our regional footprint and thus support our multinational customers with their global expansion. In addition, we increase our position in the home and personal care (HPC) market."
Constantia Flexibles labels division is said to be fourth largest label manufacturer supplying the food, beverage and personal care industries.
It operates 19 production facilities on four continents and has over 2,000 employees.
Pemara is Constantia Flexibles' second acquisition this year following the acquisition of Afripack, which is expected to close in the coming weeks.
The latest deal is expected to be completed in the next few months.
Based in South Africa, Afripack produces flexible food packaging and labels for the domestic market, as well as for selected African export countries.
Said to be the second largest flexible packaging company in South Africa and Sub-Saharan Africa, Afripack employs 1,150 people and operates six plants in South Africa and one each in Kenya and Mauritius.
Image: Constantia Flexibles strengthens position in Southeast Asia labels market with Pemara Labels acquisition. Photo: courtesy of Constantia.
