Constantia Flexibles Group has successfully completed its acquisition of pharmaceutical packaging manufacturer Oai Hung Co., Ltd. in Vietnam on July 6. The transaction was originally announced on April 26.
Headquartered in Ho Chi Minh City, Oai Hung is a family-owned company founded in 1999. It achieved sales of 25 million euro in 2015 and has currently 240 employees. The main products are aluminum blister foil and rigid film for the growing local pharmaceutical market. In addition, the company already has a meaningful presence in the dairy lidding sector having only entered this market in the last two years. The state-of-the-art production site is equipped with a clean room that meets high international standards.