Constantia Flexibles strengthens position in Southeast Asia labels market

The parties did not disclose any financial details and the transaction is expected to close in the next few months.

Melbourne-based Pemara was founded in 1966 and produces self-adhesive labels (pressure-sensitive labels), in-mould labels and Fix-a-Form ™ leaflet-labels.

It is also a leader in digital print solutions. Pemara supplies to leading national and multinational companies from the consumer goods, pharmaceutical, as well as food and beverage sectors across the Asia Pacific region.

”With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles,” said Mike Henry, executive vice president and head of the company’s Labels Division.

“We can expand our regional footprint and thus support our multinational customers with their global expansion. In addition, we increase our position in the home and personal care market,” Henry added.

Privately-owned Pemara achieved sales of approximately 30 million euros ($32 million) in the financial year ended June 2015 and currently employs more than 300 employees.

It operates four plants in Australia, Malaysia, Vietnam and Indonesia, along with sales offices in Sydney (Australia) and Manila (Philippines).

Constantia Flexibles Labels Division is the world’s fourth largest label manufacturer supplying the food, beverage and personal care industries.

The Labels Division has annual revenues of more than 500 million euros ($535 million) and supplies over 1,000 global customers, including multinational corporations and local market leaders.

It operates nineteen production facilities on four continents and has over 2,000 employees focused on providing innovative labeling solutions.

Pemara is Constantia Flexibles’ second acquisition in 2015 following the acquisition of Afripack in South Africa, which is expected to close in the coming weeks.