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Industry News, Mergers and Acquisitions, Printers News

Coveris Acquires Initial Packaging

Continues strategy of acquiring high end packaging solutions specialists.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Adding to its portfolio in the UK, Coveris announced the acquisition of Initial Packaging Ltd, a profitable business specializing in the production of protective, tamper evident and customized packaging for security, logistics and diagnosis applications.

With this acquisition Coveris gains access to new markets and distribution channels, as well as expanding its product portfolio and manufacturing capability in this region.

“Initial Packaging supports our growth strategy in high performance specialty bags.” said Coveris CEO Jakob A. Mosser. “Alongside food and pet food, we will realize further growth in the hygiene, pharma and medical segment. This product group is a perfect example of how plastics can show its superior performance in a convincing and sustainable way.”

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