# SB Packagings and Constantia Flexibles finalise India joint venture via C-Flex share swap

SB Packagings and Constantia Flexibles have finalised their joint venture after CCI approval, under which SB Packagings acquires C-Flex India entities (Creative Polypack, Aparna Paper, Vibgyor, Parikh Flexibles) in a share swap, with Premji Invest as shareholder.

- Type: Acquisition
- Announced: 2023-06-02
- Where: India, India
- Status: completed
- Products: flexible packaging, mono-material EcoLam packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Constantia Flexibles](https://endata.com/companies/1266.md) (partner)
- [Premji Invest](https://endata.com/companies/8274.md) (investor)
- [SB Packagings](https://endata.com/companies/8275.md) (acquirer)
- [SB Packagings](https://endata.com/companies/8275.md) (partner)

## Sources

- [ippstar.org](https://ippstar.org/2023/06/02/sb-packagings-and-constantia-flexibles/), 2023-06-02: "The proposal entails the acquisition of the entire shareholding of C-Flex India Entities, including Creative Polypack, Aparna Paper, Vibgyor, and Parikh Flexibles."
- [consciouscarma.com](https://www.consciouscarma.com/largest-sustainable-packaging-platform-in-india-and-south-asia/), 2023-06-06: "Constantia Flexibles, Premji Invest and SB Packagings, have finalized the joint venture to create one of the largest sustainable packaging platforms in India and South Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.