Amcor sells Tobepal units to Constantia Flexibles

27/07/2010

Packaging group Amcor has agreed to sell its Spanish Tobepal flexible packaging operations to Austrian headquartered Constantia Flexibles, part of Constantia Packaging.

The Austrian company has agreed to pay €92m for the Tobepal business, which is expected to generate sales of around €103m for the period 2009/10 and an EBIT result of around €11m.

Tobepal has manufacturing operations at Burgos and Logrono in Northern Spain, and is a supplier of flexible packaging to the pharma,...
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