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

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

Atkore expands in PVC conduit, buying American Pipe & Plastics

October 20, 2014 6:06 pm ET

Atkore International Inc. of Harvey, Ill., has acquired PVC conduit maker American Pipe & Plastics Inc. of Kirkwood, N.Y., which serves the...    More

Image

Messe Düsseldorf supports Plastindia move, but with reservations

October 20, 2014 2:45 pm ET

Germany's Messe Düsseldorf, the largest overseas partner of the Plastindia show, has given its support to the last-minute move of Plastindia to a new ...    More

Image

Petition asks for Plastindia to move back to Delhi, PIF board member resigns

October 20, 2014 2:28 pm ET

A member of Plastindia Foundation's management board has quit the organization to protest the manner in which the group moved its namesake Plastindia ...    More

Molder goes to auction block

October 17, 2014 12:17 pm ET

An Illinois custom injection molding operation will be auctioned off after its owner decided to close the business.    More

Image

Humanoid robot provides inspection service with a smile

October 17, 2014 6:00 am ET

Everyone knows robots can improve production and quality. But no one says they can't show a little personality while they're working.    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events