PETpla.net Insider 08 / 2017

PET news 6 NEWS PET planet Insider Vol. 18 No. 08/17 www.petpla.net Constantia Flexibles sells labels division to Multi-Color Corp. Constantia Flexibles has signed an agreement to sell its Labels division to Multi- Color Corporation for an enterprise value of approximately €1.15 billion (US $1.3 billion). The transac- tion is expected to be completed in the fourth quarter of 2017, subject to regulatory approvals. On completion of the transaction, Constantia Flexibles will hold 16.6% of Multi-Color’s outstanding shares, thereby becom- ing its largest shareholder. Two representatives of Constantia Flexibles will join Multi-Color’s Board of Directors. Constantia Labels is a global supplier of labels to the beverage, food and home as well as personal care industries (HPC). It has 23 plants in 14 countries and has roughly 2,800 employees. The Labels division achieved sales of €605m in 2016. Established in 1916, Cincinnati, Ohio-based Multi-Color is one of the largest label companies in the world serving some of the most prominent brands in the following market segments: healthcare, HPC, food & beverage, specialty (automotive & consumer durables), and wine & spirits. With approximately 5,500 employees, it operates 45 manufacturing facilities world- wide. Multi-Color achieved sales of $923m in fiscal year 2017. This value-creating transaction will bring together Constantia Labels’ food and beverage business with Multi-Color’s wine & spirits and home & personal care platforms. It will also widen the joint Group’s geographical footprint and create long-term synergies that will benefit all parties involved. Mike Henry, current EVP Constantia Labels, will become CEO-elect of Multi-Color, and will work closely with the current CEO Vadis Rodato, who will retire in early 2018 after a transition period. Nigel Vinecombe will remain in his current role as Executive Chairman of Multi-Color. After completion of the transaction, Multi-Color will generate pro forma sales of roughly $1.6bn and EBITDA of $300m. www.cflex.com WikiPETia .info New contents at wikipetia.info Sesotec GmbH: New location Sesotec GmbH, a manufacturer of machines and systems for contaminant detection and material sorting for the food, plastics and recycling industries, is growing in all segments, which correspondingly need more room. Early in July 2017 service acceptance at the company headquarters in German Schönberg therefore was relocated from Regener Straße 130 to Industriestraße 5. The new location lies close to the company headquarters and combines repairs department, spare parts storage, training rooms, technical support, and – now new – service acceptance. All over the world Sesotec has twelve service locations in total. The spare parts storages are logistically optimally supplied from Schönberg. With its global service network Sesotec provides support for its customers all over the world within a short time. www.sesotec.com drink technology India 2017 almost fully booked At around three months before the start of drink tech- nology India (dti), the event is attracting strong interest from exhibitors. Over 90 percent of the available exhibition space is booked. Which means the event is approaching full capac- ity. Among the companies that have signed up to exhibit are leading names in the sector, for example, ACE Technologies, Anton Paar, Chemco Group, Krome Dispense, Repute Engi- neers, R J Brewing and The Brewmaster. The strong demand from the sector underlines the importance of the beverage, dairy, liquid-food and associ- ated packaging industry for the Indian market. “Alternating between New Delhi, Mumbai and Bangalore, dti now has excellent coverage of the north, south and also the west of India,” explained Markus Kosak, Exhibition Director of dti. “As a result we can offer our customers lasting visibility across the whole of India and we enable the industry to target the individual sectors in the respective regions in a highly efficient way,” continued Kosak. Key trade associations in India are taking part, among them VDMA India, All India Distillers Association (AIDA), All India Wine Producers Association (AIWPA) and Uttar Pradesh Distillers’ Association (UPDA). For the event in New Delhi dti has attracted the Food Safety and Standards Authority of India (FSSAI) as a supporter. “The beverage, dairy and liquid-food area is continuing to make good progress in India. In particular the themes of hygiene, recycling, resource- efficiency and packaging are playing an ever greater role for industry. In all these areas dti offers solutions tailored to meet the demands of the Indian market and we are very pleased to have FSSAI on board as a new strong partner, supporting our event,” explained Avisha Desai, Project Director of drink technology India. By switching to an annual cycle, dti is responding to the development in the Indian beverage, dairy and liquid-food sector. This rhythm, combined with alternating venues, takes account of the requirements of the Indian market and presents a needs-oriented platform in all the regions of India. The dates for the next events are already decided: from October 24 to 26, 2018, dti takes place at the Bombay Exhibition & Conven- tion Centre in Mumbai and from October 17 to 19, 2019, dti is being held for the first time in Bangalore, at the Bangalore Exhibition Centre. www.drinktechnology-india.com

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