Coveris makes another flexible packaging buy

PRW

Published: August 22, 2014 9:34 am ET
Updated: August 22, 2014 3:40 pm ET

Related to this story

Topics Mergers & Acquisitions, Film & Sheet, United States, Europe, Food packaging

Coveris Holdings is continuing its rapid acquisition pace, this time picking up flexible print specialist Learoyd Packaging (Holdings) Ltd. to boost its European offerings.

Learoyd, based in Burnley, England, had 20 million pounds ($33 million) in sales during 2013 and makes flexible packaging for a range of top British retail brands including Seabrook Crisps, Waitrose and Marks & Spencer.

Chicago-based Coveris did not disclose terms of the deal, announced Aug. 21. The company was formed in 2013 with the combination of six global packaging companies.

It marks the company’s second acquisition in the United Kingdom this summer, following up on the June purchase of St. Neots Packaging Ltd., a maker of plastic film-lined food packaging. Coveris also has invested in increased production equipment and capacity for flexible packaging at its plant in Neuwied, Germany.

Coveris now has 64 plants across North America, Europe the Middle East and China with global revenues of $2.8 billion. It says it is the sixth largest packaging company in the world.

Adding Learoyd to its portfolio brings both “aligned capabilities in flexographic print,” and access to new customers, said Mark Lapping, president of Coveris’ UK food and consumer business unit in a news release.

For Learoyd and its 180 employees, Coveris brings additional opportunities for growth with sales in both the UK and internationally, said Allan Ferguson, managing director of Learoyd.


Comments

Coveris makes another flexible packaging buy

PRW

Published: August 22, 2014 9:34 am ET
Updated: August 22, 2014 3:40 pm ET

Post Your Comments


Back to story


More stories

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

P&G removing PE microbeads from its Crest brand toothpaste

September 18, 2014 1:57 pm ET

After months of prodding, Procter & Gamble Co., the makers of Crest brand toothpastes, say polyethlene microbeads will be completely removed from its ...    More

Image

Lawmakers target plastic bags, bottles

September 18, 2014 2:19 pm ET

California is poised to ban single-use plastic bags. At this point Gov. Jerry Brown could still veto the bill, but that seems extremely unlikely.    More

Image

Bill Kent named Thermoformer of the Year

September 18, 2014 12:11 pm ET

Bill Kent flew 6 million miles in a 50-year career at Brown Machine LLC — where he began assembling thermoforming machinery on the factory...    More

Image

Nolato Contour beefs up white room molding capabilities

September 18, 2014 11:56 am ET

Nolato Medical has extended its controlled environment options to include a white room at its Baldwin, Wis., Nolato Contour plant.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events