This transaction is part of the Coveris 2.0 strategy to invest in high potential regions, capabilities and products. It will increase significantly the capacity of the company in paper-bag production and strengthen its sustainability offering.
“With the acquisition of HLB|SFV we are now able to quickly fulfill all requests, including large volume from international key accounts for these bag solutions. Our combined expertise about paper bag production in Firminy, Neuwied and now HLB|SFV is turning Coveris into a sustainability powerhouse for food, pet-food and industrial markets. Coveris total turnover is now equally distributed between paper-based solutions, films and flexibles. This is the ideal portfolio to cooperate with our customers and to develop optimized and sustainable packaging solutions,” says Jakob A. Mosser, CEO Coveris.
In addition to those most recent acquisitions, Coveris enhanced over the last 12 months its medical, food, pet-food and home and personal-care capacities to grow its flexible-packaging business. During that period, the group has also invested in high-end labels production with the acquisition of Amberley Labels, in high-end extrusion with the integration of Total Polyfilm assets and regional extension with the acquisition of Plasztik Tranzit, now Coveris Pirtó, Hungary.