image

Nov 2016 e-magazine

08.11.2016
Malta's Simonds Farsons Cisk targets international growth ...
read more
image

Craft brewing: Italy’s Le Baladin

08.11.2016
One of the original rock stars of Italian craft, has big ambitions ...
read more

More Features >

image

Three buses

04.02.2016
Genuine marketing innovations are rare - here's three to start '16...
read more
image

20:20 vision: take the over

14.12.2015
Craft beer growth is unstoppable unless definition concerns trip it up...
read more

More Opinions >

Home | News | Suppliers | Constantia acquires Spear

Constantia acquires Spear

Font size: Decrease font Enlarge font
image
Spear Group: PSL leadership to be enhanced

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. 


 

Rate this article
1.00