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2006-08-25 News Headlines

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AD HOC Announcement Constantia Packaging AG

Constantia Packaging AG announces the start of due diligence proceedings for the acquisition of a majority interest in Austria Metall AG.

Constantia Packaging AG owns a 25% plus one share equity interest in Austria Metall AG, Ranshofen (AMAG), and is interested in acquiring an additional 40% stake currently owned by Klaus Hammerer GmbH. After lengthy negotiations, both shareholders agreed that Constantia Packaging AG may begin due diligence proceedings for this acquisition.

Find Information and Suppliers of flexible packaging.

The Constantia Packaging Group manufactures corrugated cardboard and flexible packaging. Around 6,000 employees in 18 countries in Europe, Asia and North America manufacture aluminium, plastic and corrugated cardboard packaging for e.g. the food, drinks, pharmaceutical and automotive industries, generating sales of around EUR 1 billion per annum.

AMAG is Austria’s leading manufacturer of aluminum semis and casthouse products for the further processing industry, with annual revenues of approximately 700 million euro. At the same time, it is the most important supplier of aluminum rolled products for the “Flexible Packaging” segment of Constantia Packaging Group.

Find information about Constantia Packaging AG.

Read a recent press release from Constantia Packaging about - 'Flexible Packaging and Corrugated Board businesses contributed in helping Constantia Packaging remain on track for success in the 2nd Q despite commodity price increases.'

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