Constantia Flexibles, a leading flexible packaging manufacturer, announces the acquisition of Lászlópack Kft, a Hungarian flexible packaging manufacturer specialising in flexographic printing.
Constantia Flexibles expands its European flexographic printing platform through the acquisition of Lászlópack Kft. Pim Vervaat, CEO of Constantia Flexibles, is pleased with the latest addition to the group: "We are growing with Lászlópack! We share the common vision of serving our customers with environmentally friendly, innovative packaging solutions. The acquisition opens up new growth opportunities for Lászlópack outside Hungary and for us to support their customers with our sustainable product offering." Lászlópack is a local champion in the domestic flexible packaging market and has a strong track record of growth. In recent years Constantia Flexibles has expanded its European flexo printing platform through the international acquisitions of Propak in Turkey, FFP Packaging Solutions in the UK, Drukpol in Poland and now Lászlópack in Hungary.
Lászlópack was founded in 1998 by the László family, with Szabolcs László as CEO: "Our partnership with Constantia Flexibles is a significant milestone on our growth path. It is a strategic collaboration based on our mutual commitment to provide the best flexible packaging solutions. We can now serve more customers around the world and make a significant contribution to the development of more environmentally friendly packaging options. Customers will benefit from an expanded portfolio of products and services driven by the collaboration with Constantia Flexibles."
Lászlópack Kft. operates a plant in Komarom, about 100 km northwest of Budapest. Its approximately 87 employees mainly supply the local market and selected export countries with food applications. Financial terms of the transaction were not disclosed.
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