Constantia Flexibles and SB Packagings close the transaction and kick off the joint venture

Constantia Flexibles, Premji Invest, and Amit Banga, Managing Director of SB Packagings, have finalized the joint venture to create one of the largest sustainable packaging platforms in India and South Asia, following the regulatory approval from the Competition Commission of India.

The joint venture (SB-Constantia Flexibles), between two flexible packaging industry leaders and Premji Invest as shareholders, will leverage each company’s unique strengths and resources to achieve further success in the Indian market.

Pim Vervaat, Global CEO of Constantia Flexibles, expresses, “I have full confidence in the partnership’s ability to be an effective solution provider to its customers in India through innovation and excellence. We will drive growth and profitability for all stakeholders.” Amit Banga, Managing Director of SB Packagings, adds, “The joint venture positions us as a clear leader to drive the sustainable packaging agenda in India and beyond with a unique product offering.”

Mr. O.P. Banga, the founder of SB Packagings conveyed his best wishes for the JV.