Constantia Flexibles Group has agreed to sell its non-core folding
carton activities in Mexico, Aluprint Plegadizos, to Mexican
company Grupo Gondi for an undisclosed amount. The transaction requires
anti-trust approval from the Mexican authorities and is expected to be
completed in the coming months, as the company says in the press release received by
Lesprom Network.
Aluprint Plegadizos is located at a modern site in San Luis Potosi, with approximately 600 employees.
It manufactures folding cartons and high graphics micro-corrugated boxes for
the fast moving consumer goods industry in Mexico, the U.S., Canada, Central America and the Caribbean.
Constantia Flexibles acquired Aluprint Plegadizos as part of its takeover of
Globalpack in 2013. This is the only folding carton business within Constantia
Flexibles and was not considered part of the core flexible packaging and labels
activities. Mexico
remains a key production hub for the Group, with its site in San Luis Potosi for flexible packaging and its site in Monterrey for labels.
Constantia Flexibles is one of the world’s leading manufacturers of flexible packaging products and labels.
