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Coveris to Divest Americas Packaging Business for $1.32bn
Apr 4, 2018Packaging manufacturer Coveris has agreed to divest its Americas packaging business to Transcontinental (TC Transcontinental) in a deal worth $1.320bn. Coveris Americas, which is a subsidiary of Sun Capital Partners portfolio firm ...
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Coveris Introduces New Recovery System
Nov 16, 2017Packaging firm Coveris has introduced a new recovery system, Recoveris, which allows the delamination and separation of label stock from silicone backing paper for reprocessing. The company has deployed the new recovery system at its ...
Tags: Recovery System, Packaging
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Coveris Invests in Hosokawa Alpine Coextrusion Lines
Sep 5, 2017Packaging solutions provider Coveris has invested in two Hosokawa Alpine coextrusion lines to expand its business in food and consumer sectors across the UK. Coveris signed an agreement with KPMG, the administrators of Gelpack Excelsior, ...
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Coveris Develops New Multi-Layer Film for The Co-Op
Jun 19, 2017Packaging and coatings solutions manufacturer Coveris has developed a new multi-layer film for British consumer co-operative, the Co-op. The Co-op recently announced that it plans to have 80% of its own-brand packaging recyclable by 2020. ...
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Coveris Further Invests in 3D Printing Technology for Its UK Centre
Mar 28, 2017The Coveris Rigid Division has recently invested in the latest 3D print technology for their UK Centre for Development & Innovation (CDI), based in County Durham, helping to further strengthen and streamline the design and development ...
Tags: Coveris, 3D Printing
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Coveris Purchases 3D Printing System for UK Facility
Mar 28, 2017Packaging solutions provider Coveris has invested in a new 3D print technology for its Centre for Development & Innovation (CDI), based in County Durham, UK. The investment in latest 3D print technology by the Coveris Rigid Division was ...
Tags: 3D Printing System, Packaging
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Coveris Reports Full Year 2016 Financial Results
Mar 27, 2017Coveris Holdings has reported financial results with $2.5bn for the full year of 2016. Excluding the impact of currency, $96 million, these sales were in-line with the prior year. For the fourth quarter, net sales were $592 million ...
Tags: Coveris Holdings
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Coveris Unveils Nextrus Boneless Shrink Bags
Oct 28, 2016Global packaging company Coveris has developed new packaging solutions, Nextrus boneless shrink bags. The Nextrus line is designed to allow for vacuum tightness with less packaging and is said to be eco-friendly alternative to current ...
Tags: Coveris, Shrink Bags
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Coveris Launches New Labels for Innocent Smoothie Brand
Oct 8, 2016Global packaging company Coveris has introduced new range of drinks labels designed for the smoothie brand, Innocent, in the UK and European markets. The new transparent labels use specially developed ink technology, allowing for new ...
Tags: Coveris, drinks labels, Innocent
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Coveris Reports Second Quarter 2016 Financial Results
Aug 12, 2016Coveris reported second quarter 2016 net sales of $665m. Net sales for the second quarter of 2015 were $651 million. Adjusted EBITDA for the second quarter was $92 million, compared to $86 million in the second quarter of 2015. ...
Tags: Coveris, financial results
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Coveris Holdings Successfully Prices Incremental Term Loan
Aug 3, 2016Coveris Holdings, a portfolio company of funds advised by Sun Capital Partners, announced that it has received the necessary consents to certain proposed amendments to Coveris’ existing senior secured term loan facility, which will ...
Tags: Coveris Holdings, term loan
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Coveris Buys Ecuador Label Manufacturing Firm Supraplast
Mar 8, 2016Global packaging and coatings solutions Coveris has acquired Ecuador-based shrink sleeve and adhesive label technologies firm Supraplast. The acquisition expands Coveris operations in the Central and South American regions. Based in ...
Tags: Coveris, Aquisition, Supraplast
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Coveris Invests in French Sites to Meet Pet Food Packaging Demand
Oct 15, 2015Packaging company Coveris is investing in Coveris Flexibles France industrial sites in a bid to meet the increasing demand in the European pet food market. The €10m investment will see the installation of machine tools at the ...
Tags: Coveris, Pet Food Packaging, film printing, printer, laminator
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Coveris Holdings Acquired Elldex Packaging Solutions in New Zealand and Australia
Jun 1, 2015Plastic packaging and coatings company Coveris Holdings has acquired Elldex Packaging Solutions, a division of Hellaby Holdings, with packaging businesses in New Zealand and Australia. Elldex manufactures and imports HDPE and LDPE ...
Tags: Hellaby's Packaging, Packaging
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Coveris Rigid Ukraine Is Successfully Launching a Duosmart Cup Range in Various Sizes
Dec 3, 2014Although the market is turbulent, with the political situation in which the country is currently embroiled, the international manufacturing company says there is a space for development and growth of new products, which require high ...
Tags: DuoSmart cup, dairy, instant food, Packaging