Constantia Flexibles strengthens its presence in Asia
Constantia Flexibles has acquired Vietnamese pharmaceutical packaging manufacturer Oai Hung as it seeks to strengthen its presence in Asia.
Headquartered in Ho Chi Minh City, Oai Hung is a family-owned company founded in 1999. Its main products are aluminum blister foil and rigid film for the local pharmaceutical market. In addition, the company already has a meaningful presence in the dairy lidding sector having only entered this market in the last two years. Its production site is equipped with a cleanroom that meets high international standards.
The Pharma division of Constantia Flexibles is the world’s second largest flexible packaging manufacturer for the pharmaceutical and home and personal care industries. It operates three pre-material production sites in Austria, Germany and Spain, which serve three satellite plants in Belgium, the UK and Germany, which carry out the printing and slitting of foils and laminates.
‘With the acquisition of Oai Hung, we have obtained our first pharmaceutical production site in Asia and entered the high growth Southeast Asian region,’ said Pierre-Henri Bruchon, executive vice president 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. Its business and dedicated team of employees will go from strength to strength within a truly global flexible packaging group,’ said O Cam Tai, Oai Hung CEO.
Constantia Flexibles recently acquired the label company Pemara in Southeast Asia and the flexible packaging company Afripack in Africa.
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