Constantia Flexibles to buy flexible packaging assets of Lamp San Prospero, strengthening its position in the European pharmaceutical packaging market

The acquisition is carried out by Constantia Flexibles in the context of a competitive auction as part of a restructuring process (‘concordato preventivo’) governed by the Court of Modena in Italy. The transaction is expected to be completed in the coming weeks.

Modena-based Lamp San Prospero was founded in 1963 and belongs to privately-owned VIMA Holding. Its core products are printed aluminum blister foil and coldform slitting for major pharmaceutical companies.

Pierre-Henri Bruchon, executive vice president and head of the Constantia Flexibles Pharma division, commented that the acquisition gives it greater access to the Southern European pharmaceutical market. He added that the deal, ‘fits in with our satellite production concept in Europe, which optimizes production and logistic processes, thus providing best-in-class service close to our customers’ facilities.’

The Pharma division of Constantia Flexibles is the world’s second largest flexible packaging manufacturer for the pharmaceutical and HPC industries. It operates production sites in Austria, Germany, Spain, Vietnam, the UK and Belgium.

There is an ongoing trend for M&A in the labels and packaging market, with Constantia Flexibles having made a number of major acquisitions in recent times, including Pemara in Southeast Asia, Afripack in South Africa and Oai Hung in Vietnam.