LAKE LAS VEGAS, NEV. — Coveris Holdings Corp. is a mega-rollup in packaging, a major international player, said Robert Larson, president of Coveris' Food and Consumer North American business unit.
Coveris was formed in 2013 when private investment firm Sun Capital Partners Inc. merged five of its independent packaging companies into one company. The company made several more acquisitions since then.
“The thing that has been the most rewarding is seeing a common culture emerge over a relatively short period of time,” Larson said in a presentation during the Plastics News Executive Forum.
Chicago-based Coveris now has 70 manufacturing facilities generating 2014 sales of $3 billion, Larson said. He added that North America accounts for about 29 percent of the total business.
Coveris has a diverse range of products in plastics and paper packaging, including bags and standup pouches; barrier film for cheese, meat, pet food and other grocery products; thermoformed packaging, caps and closures; cube and stack-mold injection molding and labels.
Bringing those processes together in one company allows Coveris to interact with major multinational customers with a single face, Larson said.
The first step was bringing the companies together to articulate one strategy, he said. They had to integrate information technology systems. The goal: To have all locations operate in exactly the same way.
Sun Capital Partners has supported hiring and training, Larson said. “We're putting an enormous amount of focus on attracting the right talent,” he said.
