Constantia Flexibles Completes Sale of Labels Division to Multi-Color

Vienna — Constantia Flexibles has successfully completed the sale of its Labels division to Multi-Color Corporation for an enterprise value of approximately €1.15 billion ($1.3 billion). All required regulatory authorities have cleared the transaction. Constantia Flexibles has received approximately €830 million in cash and will continue to participate in the future success story of Multi-Color through a 16.6% shareholding.

The transaction brings together the high-performing Food and Beverage business of Constantia Flexibles’ Labels division with Multi-Color’s strong Wine & Spirit and Home & Personal Care platforms, as well as an emerging global position in Healthcare. The combined annual revenues of the two businesses will be approximately $1.7 billion.

Alexander Baumgartner, CEO of Constantia Flexibles: “We would like to thank all employees of the Labels division for their tremendous contributions to our Group in the past and wish them a successful future as part of Multi-Color. Constantia Flexibles will use the proceeds from the transaction to deleverage its balance sheet and enable further acquisitions in the dynamic and consolidating flexible packaging industry. We will also focus on innovative products and services, as well as new technologies to strengthen our existing Food and Pharma businesses.”

Bernard Gautier, Member of Wendel’s Executive Board and Chairman of the Supervisory Board of Constantia Flexibles: “I am very pleased with this successful transaction. First and foremost, it recognizes the strategic value and the quality of the Labels business developed over time by the extraordinary team at Constantia Flexibles. This deal provides the company with an opportunity to refocus on its core business and grow more rapidly. It also gives the company an indirect leadership position in the label industry as the largest shareholder of Multi-Color, with a 16.6% stake in its equity. Through this deal, Constantia Flexibles has actually contributed to the inception of a strong industry leader, and we look forward to supporting its ambitious long-term growth plan.”

Wendel is the majority shareholder of Constantia Flexibles, with a 60.5% equity holding.


Constantia Flexibles is the world’s fourth-largest producer of flexible packaging. Based on the guiding principle of ‘People, Passion, Packaging’, some 7,400 employees manufacture tailor-made packaging solutions at 32 sites in 18 countries. Many international companies and local market leaders from the food and pharma industries choose the sustainable and innovative products of Constantia Flexibles.

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