COVERIS
Packaging group buys Czech label manufacturer / Third acquisition in Eastern Europe
Austrian packaging manufacturer Coveris (Vienna; www.coveris.com) has snapped up its third business in Eastern Europe, buying Czech label producer S&K Label (Brno; www.sklabel.eu) for an undisclosed sum.

Coveris aims to strengthen its market position on the continent with the S&K Label takeover (Photo: S&K Label)


S&K Label was founded in 1991 and claims to be the first privately-owned company specialising in the production of self-adhesive labels in former Eastern Bloc countries. 

Related: Coveris expands activities of recycling subsidiary ReCover

The deal to buy the Czech firm follows recent acquisitions of Hungarian flexible packaging maker Plasztik-Tranzit, now Coveris Pirtó, and Polish packaging manufacturer DK Lamin.

S&K is the first label business Coveris has bought outside the UK. It said S&K “provides an ideal strategic fit with [our] labels business to create a pan-European business platform”.

Christian Kolarik, Coveris’ chief executive, added, “The acquisition of S&K Label is an excellent opportunity for us to secure locally produced, high-quality labels for our customers … [and] will also enable us to further strengthen our position in mainland Europe.”
19.02.2024 Plasteurope.com [254678-0]
Published on 19.02.2024
Coveris: Verpackungshersteller expandiert weiterGerman version of this article...

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 24.04.2024 17:34:05   (Ref: 120085228)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp