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M&As: Constantia Flexibles closes acquisition of TT-print in Russia; Wacker acquires stake in UK battery materials specialist

Constantia Flexibles closes acquisition of TT-print in Russia

Globally operating Austrian packaging producer Constantia Flexibles has completed its acquisition of a majority stake in the Russian group of companies TT. Now known as Constantia TT, the plant in Voskresensk mainly produces packaging for the pharmaceutical industry.

Constantia TT is the second plant of Constantia Flexibles in Russia, the first being Constantia Kuban located in Timashevsk. More than 100 employees at the new site play a major role in meeting the demand for flexible packaging in the pharma industry of Russia and its neighboring countries. The pharma product portfolio of Constantia TT comprises printed blister foil as well as sachet and coldform material. The company’s second business pillar consists of packaging materials for customers in the food and dairy industry.

Based on an initiative of Ruslan Chuev, founder of TT-print, the site recently finished construction and validation of cleanroom facilities to classification D of the Good Manufacturing Practice (GMP) standard at European Union level. To comply with this standard, all core working steps are carried out in a clean area under the conditions defined in the standard GOST R ISO 14644 ‘Clean rooms and associated controlled environments’. Process steps range from goods handling, slitting of raw materials, and printing on various packaging solutions for pharma products.

“By implementing this concept for Constantia TT, we have become pioneers in the Russian market. Together with the long-term experience in the field of flexible packaging, our dedication to clean and stable production conditions makes us the perfect partner to pharmaceutical producers in Russia as well as in Kazakhstan and Uzbekistan who aim to protect their life-saving products,” says Pierre-Henri Bruchon, Executive Vice President Pharma at Constantia Flexibles.

Ruslan Chuev: ”The reasons for TT-print’s growth the last 20 years has been the dedication and professionalism of the local team, our carefully selected suppliers as well as our commitment to stay ahead of industry standards and continually improve our technological solutions. The acquisition is just a logical step towards an equally successful future.”

Wacker acquires stake in UK battery materials specialist

In other news, Germany’s Wacker Chemie AG is intensifying its research activities on silicon-based materials for high-performance batteries by taking a holding in UK-based Nexeon Ltd. The Munich-based chemical company says that it is acquiring a 25% stake in the UK specialist for new battery materials. Wacker and Nexeon have agreed not to disclose the purchase price. Nexeon develops, produces and sells silicon-based anode materials that significantly enhance the performance of lithium-ion batteries. Wacker has conducted research in this area since 2010 and has cooperated with Nexeon already in 2013.

“Today’s agreement is a key step in strengthening our activities in silicon-based anode materials for next-generation batteries by putting them on an even broader base,” said Christian Hartel, responsible for R&D on Wacker’s Executive Board. “On the one hand, it means we can intensify and further develop Wacker’s own successful research in this field. On the other hand, this stake reinforces our cooperation with Nexeon as we jointly develop supplementary material strategies. Wacker is ideally positioned to develop and produce these innovative materials, given our decades of in-depth expertise in silicon chemistry.”

High-performance lithium-ion batteries are vital for applications in mobile devices, such as smart phones and tablets, and in electric vehicles. Silicon materials have the highest known storage capacity for lithium ions, which means they can significantly improve the energy density and performance of such batteries.

Nexeon works with OEMs and battery companies to enable next generation lithium-ion batteries, and has an established application engineering facility in Yokohama, Japan.


(IMA)


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