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

Deal puts Convergence Packaging under Comar's umbrella

October 24, 2014 2:00 pm ET

Convergence Packaging Holdings LLC, itself a product of mergers, now is joining together with Comar LLC.    More

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

Automation firms join forces, look to automotive for future growth

October 24, 2014 2:43 pm ET

Hoping to ease the way for automation in some specialized areas of automotive plastics like laser cutting of door panels, a German robot maker and an ...    More

Image

German export sales strong, push for energy savings continues

October 24, 2014 12:34 pm ET

Germany is the engine that drives the European economy — and when it comes to the plastics industry, German machinery is a potent force, an...    More

Image

Arburg expands presence in China

October 24, 2014 11:34 am ET

German machinery maker Arburg GmbH + Co KG has expanded its office in Shenzhen, China, making it the company's first competence center for automation ...    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