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Capripack-Constantia Flexibles global deal receives merger clearance in India

( December 13, 2023, 21:59 GMT | Official Statement) -- MLex Summary: Capripack BidCo has received merger clearance in India for its global acquisition of Constantia Flexibles, a leader in the flexible-packaging market, which was announced in July. The Austrian investment holding company, controlled by One Rock Capital Partners, had told the Competition Commission of India that there were no horizontal overlaps, actual vertical relationships or complementary activities. One of ORC’s affiliates, GPD Companies Inc., is active in the Indian market for the distribution of certain chemicals that may be used as generic inputs in the production of flexible packaging material. A detailed order will follow, the CCI said in a statement. Statement from the Competition Commission of India follows:...

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