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 Packaging Mergers & Acquisitions United States Europe Asia Food packaging Food service
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

Dow Chemical sees potential for PE growth in packaging

March 30, 2015 1:17 pm ET

The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will ...    More

Image

Sipospack to build new flexible packaging plant in Hungary

March 30, 2015 9:38 am ET

Hungarian flexible packaging producer Sipospack Kft. is investing nearly 3 million euros ($3.2 million) in an expansion at a new site at Sóskút in...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Kautex showing off an extrusion blow molding machine at NPE

March 25, 2015 6:00 am ET

After 80 years in business, Kautex Maschinenbau GmbH officials know good old-fashioned word of mouth is often the best way to reach more customers.    More

Image

Fabri-Kal to expand its sustainable packaging with new Idaho plant

March 20, 2015 2:03 pm ET

Thermoformed packaging company Fabri-Kal Corp. plans to tap into Idaho's farming community to expand its sustainable packaging program.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 billion 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

Upcoming Plastics News Events

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

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

More Events