Austrian flexible packaging manufacturer Constantia Flexibles has acquired Australia-based Pemara Labels to expand its offerings for the labels market in South-East Asia.
The company has not yet disclosed financial details about the transaction, which is expected to close within a few months.
Constantia labels division head Mike Henry said: "With its excellent managerial experience, leading technology and more than 20 years of experience in Asia, Pemara is a great addition to Constantia Flexibles.
"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 (HPC) market."
Pemara has been operating since 1966 and maintains four facilities in Australia, Malaysia, Vietnam and Indonesia.
The firm delivers self-adhesive, in-mould and Fix-a-Form leaflet labels across industries in the Asia-Pacific region.
More than 300 employees currently work under Pemara, which generated €30m in sales for the financial year ending this June.
Constantia Flexibles' labels division has been claimed to be the fourth largest label manufacturer in the world, which supplies to the food, beverage and personal care industries.
The Pemara deal is the second acquisition for the Austrian company this year; the first being the acquisition of Afripack, which is expected to close in the coming weeks.
The 82-year-old Afripack manufactures flexible food packaging and labels for the domestic market and selected African export countries.
Image: Pemara delivers self-adhesive labels, in-mould labels and Fix-a-Form leaflet-labels across industries. Photo: courtesy of Constantia.