Coveris continues strategy to focus on converted high end packaging solutions and acquires Initial Packaging Ltd., UK8 March 2021
In line with its strategic growth targets, Coveris announces the acquisition of Initial Packaging Ltd, a profitable and stable business specialised in the production of specialty bags
With the global specialty packaging market experiencing continuous and solid growth rates – notably in E-commerce, hygiene, pharma and medical packaging - Coveris has seized the opportunity to acquire the UK based company which specialises in protective, tamper evident and customised packaging for security, logistics and diagnosis applications. With this acquisition Coveris gains access to new markets & distribution channels, as well as expanding its product portfolio and manufacturing capability in this highly attractive area.
“After a long and extensive search for an ideal partner, we are delighted to welcome Initial Packaging in the Coveris family. Initial Packaging supports our growth strategy in high performance specialty bags. Alongside food and pet food we will realise further growth in the hygiene, pharma and medical segment. This product group is a perfect example of how plastics can show its superior performance in a convincing and sustainable way.” comments Jakob A. Mosser, CEO Coveris, on the deal.