Constantia Flexibles Acquires Oai Hung Company

VIENNA, AUSTRIA | Constantia Flexibles Group, manufacturers of flexible packaging products and labels, is continuing its global growth story with the purchase of pharmaceutical packaging manufacturer Oai Hung Company, Ho Chi Minh City, Vietnam. Approval from the relevant authorities is expected in the coming months. The parties have agreed to not to disclose the price of the transaction.

Oai Hung is a family-owned company founded in 1999. It achieved sales of €25 million 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 after entered this market in the last two years. The state-of-the-art production site is equipped with a clean room that is said to meet high international standards.

“With the acquisition of Oai Hung, we have obtained our first pharmaceutical production site in Asia and entered the high growth Southeast Asian region,” says Pierre-Henri Bruchon, executive VP and head of the Pharma Division of Constantia Flexibles. “We also see Oai Hung as a hub for further expansion in the region in the future.”

“Oai Hung is delighted to be joining Constantia Flexibles,” says O Cam Tai, CEO of Oai Hung. “Its business and dedicated team of employees will go from strength to strength within a truly global flexible packaging group.”

Constantia Flexibles Pharma division operates three pre-material production sites in Austria, Germany, and Spain, serving three satellite plants in Belgium, the UK, and Germany, which carry out the printing and slitting of foils and laminates. The Pharma division has annual sales of roughly €300 million and supplies more than 1,000 global customers. The division has about 1,000 employees.

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