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Constantia considering Arla future

By NEWS SYSTEM
Published: May 9th, 2007
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Constantia Packaging group holds 60 % of the Danish Danapak Flexibles group. ARLA Foods, the largest Scandinavian dairy enterprise, is a joint venture partner holding a share of 40 %. Danapak Flexibles manufactures flexible packaging products for the dairy, food and pharmaceutical industries.

After five years of joint participation, the two joint venture partners are now, in agreement with the management of Danapak Flexibles, examining all the options available with regard to the enterprise’s future form and shareholding structure. This is taking place in the course of the periodic portfolio review carried out by Constantia Packaging.

Constantia Packaging Group operates in the flexible packaging and corrugated board sectors. With approximately 7,200 employees in 18 countries in Europe, Asia and North America, the company produces aluminum, plastic and corrugated board packaging for the food, beverage, pharmaceutical and automobile industries, among others. In 2007 the company will have annual sales of more than €1.3 billion (without AMAG).

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