Sustainable plastic and paper packaging solutions manufacturer Coveris has completed the acquisition of a 100% stake in UK-based Amberley Adhesive Labels for an undisclosed amount.
The company closed the deal in an effort to further strengthen its labels business. The transaction follows after Coveris’ three-year modernisation programme and investments in equipment.
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Amberley produces self-adhesive labels using digital printing and converting solutions at its manufacturing facility in Dorset.
Coveris’ labels business currently serves the fresh, chilled and ambient markets while Amberley focuses on the personal care and home markets.
Coveris CEO Jakob Mosser said: “Introducing our Coveris strategy, we clearly committed ourselves to invest and grow our business in high potential areas.
“The acquisition of Amberley clearly underpins this endeavour. We are very much looking forward to a successful expansion of our labels capabilities and further develop the potential of our new facility.”
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By GlobalDataAs part of the deal, Coveris will integrate Amberley into its Labels & Board division with plans to further invest in the business.
According to the company, the integration of Amberley will expand its presence into new markets and its digital printing technology capabilities.
Amberley owner and CEO Trevor Smith said: “With Coveris, we found the right partner for a strong future. Together we will leverage off Coveris labels know-how and resources to take our business to the next level.”
In February, Coveris opened Pack Positive sustainable development centre in Leeds, UK, as part of its strategy to address packaging and food sustainability.
