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Article | February 20, 2013
Constantia Flexibles acquires label manufacturer Spear
Constantia Flexibles Group, headquartered in Vienna, Austria, has agreed to acquire Spear Group, global manufacturer of labels.
Thomas Unger, CEO of Constantia Flexibles, said, “We will be able to serve our customers even better together with Spear, a leading beverage labels business with a highly attractive, global, blue-chip customer base. The Group’s outstanding technological capabilities present many opportunities for continued profitable growth. We look forward to partnering with Spear’s excellent management team to capture the benefits from combining our businesses.”
Spear has been a manufacturer and supplier of pressure sensitive labels for the beverage industry since 1982. The company has sales of approximately US$ 195 million with 650 employees located at four facilities in North America, one site in Europe (Wales/UK), one site in South Africa and a sales office in Singapore. Additionally, Spear has provides re-sealable products primarily for the food and snack markets.
“We are excited by the increased opportunities that Spear will be able to offer our customers by joining forces with Constantia Flexibles. This combination will enhance our leadership position in the technological development of pressure sensitive labeling for primary brand decoration,” said Rick Spear, CEO of Spear.
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