Labels giant Constantia has acquired leading Melbourne label manufacturer Pemara as it continues to strengthen its position in the South-East Asia market.
The deal, for an undisclosed amount, is expected to be completed in the next few months.
Pemara, founded in 1966 and based at Notting Hill in Melbourne’s south-east, is a 100 percent privately-owned manufacturer of self-adhesive labels (pressure-sensitive labels), in-mould labels and Fix-a-Form leaflet-labels. It also specialises in digital print solutions and installed the first HP Indigo 30000 digital press in the Asia-Pacific region.
The company posted sales of about $45 million (€30m) for the year ending June 2015, with clients including leading national and multinational FMCG companies, pharmaceutical firms and the food and beverage sector. Pemara employs more than 300 staff at four printing plants in Melbourne, Malaysia, Vietnam and Indonesia, with sales offices in Sydney and Manila (Philippines).
“We have been searching for a strong global partner, and believe we have found a great match with Constantia Flexibles’ Labels division,” said Andrew McNamara, group managing director of Pemara. “We see a stronger future, when considering the many synergies we will realize with Constantia Flexibles’ Labels division. We are particularly pleased that the staff and management are continuing with the business to become part of this global packaging group.”
Constantia Flexibles Labels Division is the world’s fourth largest label manufacturer, supplying the food, beverage and personal care industries, with annual revenues of $750 million (€500m). The company has more than 2,000 employees focused on providing innovative labeling solutions to over 1,000 global customers, including multinational corporations and local market leaders. It operates 19 production facilities on four continents.
‘With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles,’ said Mike Henry, executive VP and head of the Constantia Flexibles’ Labels division. ‘We can expand our regional footprint and thus support our multinational customers with their global expansion. In addition, we increase our position in the home and personal care market.’
Pemara is Constantia Flexibles’ second acquisition in 2015 following the purchase of Afripack in South Africa, which is expected to close in the coming weeks.