ITC Packaging has recently acquired the Spanish business of international packaging group Coveris Holdings, Coveris Rigid Spain.

This purchase will double the existing production capacity at ITC’s south-eastern centre and will allow the firm to serve customers across the northern part of Spain.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Coveris’ 4,900m² injection moulding facility in Sopelana will enable ITC to boost its sales to France, Italy, the Benelux countries and the UK. ITC plans to invest in the Sopelana facility in order to optimise resources and expand production. The company aims to boost its range of clients, especially with prominent dairy producers in Spain and France; over the next two years, it intends to increase the workforce as well as achieve its annual sales target of €50m.

ITC has over two decades of experience in rigid packaging and thin wall container moulding. Headquartered at Ibi in the province of Alicante, the company employs around 150 people and has annual sales worth €33m. The company has manufactured 400 million containers in polypropylene, polystyrene and PET this year. Around 80% of its business comes from food packaging, with the rest from containers for products such as paints. ITC Packaging already operates injection moulding machines ranging from 200t to 700t.

Coveris Rigid Spain operates a facility near Bilbao and employs 48 employees. It has an annual turnover of approximately €8.5m. Following the sale, Coveris aims to focus on the development and expansion of its rigid packaging division in Europe.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.