Wendel has signed an agreement to sell Constantia Flexibles, a global flexible packaging manufacturer, to an affiliate of One Rock Capital Partners, LLC.
The group produces flexible packaging for a diversified portfolio of customers in the consumer and pharmaceutical industries.
The company would be sold for a price that yields net proceeds for Wendel of €1,097 million, reflecting a multiple of 1.94 times Wendel’s total investment in Constantia Flexibles since 2015.
The closing of the transaction should take place during the second half of 2023, subject to the satisfaction of the contractual conditions precedents, including the clearance by regulatory authorities.
