Constantia Flexibles Group is expanding its presence in Asia with the purchase of pharmaceutical packaging manufacturer Oai Hung Co., Ltd. in Vietnam.

Headquartered in Ho Chi Minh City, Oai Hung is a family-owned company founded in 1999. It achieved sales of €25 million in 2015 and has currently 240 employees. The main products are aluminum blister foil and rigid film for the growing local pharmaceutical market.

“With the acquisition of Oai Hung, we have obtained our first pharmaceutical production site in Asia and entered the high growth Southeast Asian region,” said Pierre-Henri Bruchon, executive vice president and head of the pharma division, Constantia Flexibles. “We also see Oai Hung as a hub for further expansion in the region in the future.”

“Oai Hung is delighted to be joining Constantia Flexibles. Its business and dedicated team of employees will go from strength to strength within a truly global flexible packaging group,” said O Cam Tai, chief executive officer, Oai Hung.