The Austrian Coveris Group has acquired Initial Packaging, a British company with about 40 employees. Initial Packaging specializes in the production of printed polyethylene packaging for e-commerce, security and logistics applications.
With this acquisition, the flexible packaging group, which has 28 production sites and 4,000 employees and generates sales of 800 million euros, gains access to new markets as well as a broader product offering and increased production capacity in the tamper-evident packaging sector, a sector that is currently undergoing major changes "is experiencing solid growth rates over time, particularly in e-commerce and medical packaging." says the new owner.
"After a long search, we are delighted to welcome Initial Packaging to the Coveris family, said Jakob A. Mosser, CEO of Coveris, in a statement. Mosser, CEO of Coveris. Initial Packaging complements Coveris' world-class extrusion, printing and converting capabilities, bringing all of its experience and expertise to enrich our offering in the highly attractive secure packaging sector."
