One Rock Capital-backed Constantia Flexibles completed the acquisition of a 57% stake in Aluflexpack from Montana Tech Components and Xoris for $204m.

One Rock Capital-backed Constantia Flexibles, a producer of flexible packaging, completed the acquisition of a 57% stake in Aluflexpack, a packaging producer, from Montana Tech Components, an industrial group, and Xoris, an investment holding company, for $204m. "We are delighted to welcome Aluflexpack to the Constantia Flexibles Group. We believe the combination with Aluflexpack will strengthen our leadership in product innovation and sustainability, and will improve our ability to serve customers with a broader range of packaging solutions. We look forward to joining forces with the Aluflexpack team to complete the integration of the businesses and embark upon our joint growth trajectory," David Spratt, Constantia CEO.