Constantia, the world’s third-largest producer of flexible packaging, serves more than 4,000 pharmaceutical, food, and consumer goods customers worldwide. Headquartered in Vienna, Austria, it employs over 7,150 employees globally at 28 sites in 15 countries and has a turnover of around €2bn (£1.7m).

“We are thrilled that Constantia is officially a part of the One Rock portfolio,” said Telmo Valido, partner at One Rock.

“This is a business already distinguished by a dedicated focus on its customers, and we look forward to contributing One Rock’s industry and operational expertise to further support the company’s ongoing growth initiatives.”

Kurt Beyer, partner at One Rock, added: “Constantia’s commitment to product innovation, sustainability and quality underscores its position as a market leader in the flexible packaging industry.

“We look forward to working alongside Constantia’s management team to enhance its operational capabilities and suite of packaging solutions to maximise its potential.”

Pim Vervaat, CEO at Constantia Flexibles, also commented: “Demand for flexible packaging is increasing, and Constantia continues to strive to provide leading products and service for our customers’ growing needs.

“As we enter this next chapter of growth, we look forward to collaborating with One Rock to continue to build on our success.”

J.P. Morgan served as lead financial advisor and Latham & Watkins served as legal advisor to One Rock on the transaction. Willkie Farr & Gallagher served as legal advisor and Evercore served as financial advisor to Constantia.

In 2022, Constantia Flexibles acquired Northampton-based FFP Packaging Solutions, which became its first consumer plant in the UK.