mynth
02/2024

ALUFLEXPACK

Acquired by

CONSTANTIA FLEXIBLES

SWITZERLAND Chemicals & Materials / Packaging & Containers EV 300M - 700M EUR

Context

Constantia Flexibles has successfully completed the acquisition of a majority stake in Aluflexpack AG. The transaction was structured in two phases: the acquisition of a 57% controlling block from the main shareholders, followed by an all-cash public tender offer for all remaining publicly held shares. The strategic rationale for the merger is to create a European champion in flexible packaging with an enhanced technology portfolio and a significantly broader geographical footprint, specifically expanding Constantia's presence in Poland, Türkiye, and Southeast Europe. The combination is expected to drive substantial synergies in R&D and sustainable product development, particularly in the aluminum-based segments for coffee and pharma. Following the acquisition, Aluflexpack will be integrated into the Constantia Flexibles Group, though it will continue to leverage its specialized production facilities to serve its established customer base under the new unified growth trajectory.

ALUFLEXPACK, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

Target

Headquartered in Reinach, Switzerland, Aluflexpack is a high-growth European leader in premium flexible packaging, specializing in foil and film solutions. The company’s business model focuses on custom-made packaging for highly demanding end-markets, including Coffee & Tea, Pharmaceuticals, Pet Food, Confectionery, and Dairy. Aluflexpack operates 14 locations (including 9 production facilities) across countries such as Switzerland, France, Poland, Türkiye, and Croatia. Its value proposition is built on deep technical integration (from aluminum rolling to high-end printing and converting) allowing for extreme flexibility in customer service and rapid innovation. As of late 2024, the company employed approximately 1,700 people and had established a dominant footprint in Southeast Europe, serving both local market leaders and large international corporations with sustainable and specialized foil-based barrier solutions.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
LOGIN
LOGIN
LOGIN
2022
LOGIN
LOGIN
LOGIN

Other operations with ALUFLEXPACK

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ALUFLEXPACK by CONSTANTIA FLEXIBLES are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).