Flexible packaging solutions manufacturer Coveris has acquired packaging solutions provider HLB|SFV for an undisclosed amount.
HLB|SFV specialises in manufacturing and selling various shapes of paper bags and paper-based flexibles on reels.
The company is claimed to offer premium paper bag conversion capacity in the DACH region, primarily food, pet-food and industrial segments.
The acquisition is part of the Coveris 2.0 strategy to invest in regions, capabilities and products with high potential and it is expected to increase the company’s paper bag production capacity as well as strengthen its sustainability offering.
Coveris CEO Akob A. Mosser said: “With the acquisition of HLB|SFV we are now able to quickly fulfill all requests, including large volume from international key accounts for these bag solutions. Our combined expertise about paper bag production in Firminy, Neuwied and now HLB|SFV is turning Coveris into a sustainability powerhouse for food, pet-food and industrial markets.
“Coveris total turnover is now equally distributed between paper-based solutions, films and flexibles. This is the ideal portfolio to cooperate with our customers and to develop optimized and sustainable packaging solutions.”
In addition to HLB|SFV, Coveris invested in its medical, food, pet-food and home and personal care capacities over the last 12 months.
The company had earlier acquired Amberley labels to enhance its high-end labels production and integrated Total Polyfilm assets for its high-end extrusion.
During the last 12 months, it also acquired Plasztik Tranzit to enhance its geographical footprint.
Earlier this month, Coveris announced the development of its new sustainably sourced and recyclable HEAT packaging range for hot food on-the-move.