Deals this week: Coveris, Clariant, Treofan

31 August 2017 (Last Updated September 13th, 2017 12:10)

Coveris, a food packaging manufacturing company, has reached an agreement with Gelpack to acquire the latter’s two five-layer Hosokawa Alpine coextrusion lines at the Madley site in UK.

Coveris, a food packaging manufacturing company, has reached an agreement with Gelpack to acquire the latter’s two five-layer Hosokawa Alpine coextrusion lines at its sire in Madley, UK.

In addition to the two coextrusion lines, the company will also acquire additional manufacturing assets.

The acquisition is a part of Coveris’s plan to expand as a provider of functional and barrier films in the UK, and will integrate the new lines into its existing operations.

The new lines are expected to increase the company’s five-layer coextrusion capacity by an additional 5,000t.

Clariant has signed an agreement with DKSH to commercialise and distribute its atmosphere-controlled pharmaceutical packaging product range in Vietnam, as part of its expansion in South East Asia.

"Clariant has signed an agreement with DKSH to commercialise and distribute its atmosphere-controlled pharmaceutical packaging product range in Vietnam."

Under the agreement, DKSH is responsible for the distribution of Clariant's Medical Specialty products, such as desiccant caps, packets, canisters, capsules, IDC, T&S, and advanced desiccant polymer to pharmaceutical and nutraceutical industries in Vietnam.

It will also market handy active tubes (HAT), a container for storing diagnostic test strips.

Clariant is engaged in manufacturing specialty chemicals, while DKSH provides market expansion services.

Germany-based Treofan has formed a strategic partnership with Köylü Matbaa Makinalari, a Turkey-based sales specialist company, to further strengthen its packaging and labelling solutions business in Turkey.

Treofan expects the partnership will attract local processors and producers to access its latest system solutions, which combine BOPP films with composite materials.

Köylü offers in-mould label (IML) coatings in Turkey in partnership with Actega Terra.

The Treofan Group produces BOPP films, which are used for packaging, labelling, tobacco and other technical applications.