Constantia acquires Spear
Labeling multinational pursues acquisition strategy
The world of labelling suppliers has consolidated, with the announcement that Vienna-based Constantia Flexibles is acquiring pressure sensitive labels specialist Spear Group.
Based in Cincinnati, Ohio, family owned Spear has been a market leader and innovator in PSL technology, especially for the brewing industry, since the early 1980s. It has sales of approximately US $195 million annually, with 650 employees located at four plants in North America, one in Wales, and one in South Africa with a sales office in Singapore.
“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,” said Thomas Unger, CEO of Constantia Flexibles. “The Group’s outstanding technological capabilities present many opportunities for continued profitable growth.”
Spear CEO Rick Spear noted the increased opportunities that will be possible for his firm’s customers by joining forces with Constantia. He said, “The combination will enhance our leadership position in the technological development of pressure sensitive labelling for primary brand decoration.”
Constantia is the considerably larger of the two companies, with more than 6,500 employees in over 50 group companies located in 20 countries worldwide with businesses in the food, pet food, pharmaceutical and beverage industries.
The transaction price has not been disclosed; it is subject to regulatory approvals.