Constantia Flexibles completes sale of labels division to Multi-Color
Constantia Flexibles (cflex.com) has successfully completed the sale of its Labels division to Multi-Color Corporation (mcclabel.com). Constantia Flexibles 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.