Beontag, a manufacturer of self-adhesives and smart tags, has announced the appointment of Michael Dean Cook as global vice president of GLM (Graphic and Label Materials).

Cook will be based at the company’s North American operations in Ohio and report directly to Beontag CEO, Ricardo Lobo. He brings over 25 years of experience in manufacturing and factory management, having worked for companies such as Printpack, Sonoco Products, and, for the past 16 years, Multi-Color Corporation. He has a successful track record in leading and growing manufacturing operations, and will be a valuable asset to Beontag’s international development.

Plus, Wendel has signed an agreement to sell Constantia Flexibles, a global flexible packaging manufacturer, to an affiliate of One Rock Capital Partners, LLC. The group produces flexible packaging for a diversified portfolio of blue-chip customers and local champions in the consumer and pharmaceutical industries.

The company would be sold for a price that yields net proceeds for Wendel of c.€1,097M, reflecting a multiple of 1.94 times Wendel’s total investment in Constantia Flexibles since 2015.

David Darmon, Wendel Group’s deputy CEO, comments, “The history of Constantia Flexibles within Wendel’s portfolio highlights the validity of our long-term investor model, which has enabled us to support the Company in its development. Constantia Flexibles has thus placed innovation at the heart of its growth model, enabling it to rise to the challenge of the circular economy without compromising on the functional requirements of its products. Under Pim Vervaat’s leadership, all Constantia Flexibles teams demonstrated their commitment and resilience during the Covid-19 crisis, and coped brilliantly with the recent disruptions in the energy and commodities markets. They enabled the Company to deliver outstanding operational, financial and extra-financial performance.”

Here are the highest-trafficked news items for the week ending on August 4:

1. Beontag names Michael Dean Cook global vice president of GLM
2. Wendel to sell Constantia Flexibles to One Rock Capital Partners
3. Yazoo Mills improves speed-to-market with $4 million investment
4. Maxcess and Valley Grinding announce strategic partnership
5. LemuGroup answers converting and finishing challenges at 820 fpm