FFP Packaging Solutions have signed a deal with Constantia Flexibles who have acquired 100% of the share capital in FFP.
This milestone event in the history of FFP will provide Constantia Flexibles with their first consumer packaging plant in the UK, forming an important part of the wider business portfolio.
Constantia Flexibles is the world’s third-largest producer of flexible packaging. Some 8,660 employees manufacture tailor-made packaging solutions at 38 sites in 16 countries.
Founded in 1967, FFP Packaging Solutions has over 55 years of excellence and is a long-term trusted partner for major food brands & UK retailers. With over 100 employees, FFP operates from its headquarters in Northampton, which boasts a state-of-the-art manufacturing facility.
Robin Chudley, chairman of FFP Packaging Solutions, says: “I am extremely proud of FFP’s position in the UK flexible packaging market and the respect that FFP has developed across the industry. This legacy is something that was started by my father back in 1962 and has been continuously built upon through my own leadership of the business and more recently since the appointment of the management team in place today.
“Having led FFP as a family-owned business for many years, we recognized the importance of succession planning to secure FFP’s long-term future. This is the reason that we appointed David Cooper as Managing Director & CEO in 2017 and since then David and his team have done a phenomenal job in making sure that FFP’s know-how, core competencies and values remain aligned with the needs of our customers and, in doing so, keeping FFP at the forefront of flexible packaging development.
“The sale of FFP to Constantia Flexibles is another important step on the firm’s journey and I am delighted that David and his team will remain with the business to ensure a successful integration and continue to build on FFP’s success long into the future.”
David Cooper, Managing Director & CEO of FFP Packaging Solutions, says: “On behalf of the directors and the whole team at FFP, we thank Robin and the wider Chudley family for their trust and support whilst we have been building FFP’s strategy to drive the revolution of sustainable, flexible packaging in the UK.
“We are extremely excited to be joining the Constantia Flexibles family, and we are all looking forward to combining our resources and wider business capabilities to accelerate the development of sustainable, flexible packaging and, in doing so, continuing to provide significant value for our customers.”
Pim Vervaat, CEO of Constantia Flexibles, says: “The acquisition aligns well with our Vision 2025 growth strategy of investing in competitive businesses with potential for future growth. FFP Packaging Solutions joining the Constantia Flexibles Group will expand our overall market position.
“Its significant experience and credibility allow for strong relationships across the UK food industry. We will be working with the existing management team to continue driving the revolution of sustainable flexible packaging in the UK and beyond.”
He continues: “Sustainable packaging solutions are no longer a trend. They are a must-have. FFP Packaging Solutions figures already show it. And together, we are committed to a circular economy, driving the transformation with more sustainable packaging.”