Coveris buys UK maker of plastic-lined food packaging

By Jim Johnson
Senior Staff Reporter

Published: June 16, 2014 3:36 pm ET
Updated: June 16, 2014 3:42 pm ET

Related to this story

Topics Mergers & Acquisitions Asia Europe United States Food packaging Food service Packaging
Companies & Associations

Coveris Holdings is extending its reach in the United Kingdom through the acquisition of St. Neots Packaging Ltd., a company with products that include plastic film-lined food packaging.

Located in its namesake town of St. Neots, England, the cartonboard company has doubled in sales during the past five years to retail and food service customers.

Included in the deal are two locations in St. Neots as well as an office in Hong Kong. Coveris also has a cartonboard facility in Wisbech, England.

“As a great addition to our existing cartonboard operation, the move enables us to provide a dedicated packaging offering to better serve customers in both FMCG [fast moving consumer goods] cartonboard and food-to-go packaging markets,” said Mark Lapping, President of Coveris’ UK Food & Consumer business, in a statement.

St. Neots Chairman Andy Ducker, in a statement, said the acquisition will allow “the business to accelerate growth to its next phase.”

St. Neots has more than 200 employees in England and Hong Kong, Coveris said.

The newly acquired company makes a wide variety of packaging for fast food and food to go. Those packages are often a combination of cartonboard and plastic film that allows consumers to see the goods.

Coveris, which describes itself as the sixth-largest plastic packaging company in the world, formed in May 2013 when five companies owned by private equity firm Sun Capital Partners Inc. united under a single banner, originally Exopack Holdings. Exopack changed its name to Coveris last fall.

The five companies that originally joined together were Exopack Holding Corp., Kobusch Group, Britton Group, Paragon Print & Packaging Corp. and Paccor. Sun Capital also recently folded its KubeTech Custom Molding Inc. into Coveris.

Terms of the deal were not made public.


Comments

Coveris buys UK maker of plastic-lined food packaging

By Jim Johnson
Senior Staff Reporter

Published: June 16, 2014 3:36 pm ET
Updated: June 16, 2014 3:42 pm ET

Post Your Comments


Back to story


More stories

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is...    More

Image

Caplugs gets new private equity owner

April 16, 2015 11:17 am ET

Caplugs, a major producer of caps, plugs, tubing, netting and other protective goods for industry, has a new owner.    More

Image

A. Schulman, Citadel discuss the $800 million deal

April 15, 2015 1:45 pm ET

The $800 million match of materials maker A. Schulman Inc. and Citadel Plastics felt good from the start. “Everything in our first meetings show...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events