Coveris acquires St. Neots packaging
Acquisition will allow company to expand in convenience, food-to-go sectors
Coveris has acquired manufacturer St. Neots packaging as part of a strategic move to support the company's continued growth in cartonboard.
“St. Neots provides a hugely exciting opportunity for Coveris, enabling our customers to benefit from increased resources, shared knowledge and enhanced innovation potential,” said Mark Lapping, president of Coveris’ UK Food & Consumer business. “As a great addition to our existing cartonboard operation, the move enables us to provide a dedicated packaging offering to better serve customers in both FMCG cartonboard and food-to-go packaging markets.”
The strategic acquisition of St. Neots supports Coveris’ long-term plans for growth in new and existing markets, with a particular focus on the growing convenience and food-to-go sectors, according to the company. The two St. Neots facilities in Cambridgeshire and sourcing office in Hong Kong complement Coveris’ existing cartonboard operation in Wisbech, Cambridgeshire.
The acquisition now places Coveris’ UK Food & Consumer sales in excess of Â£400 million with over 2,000 staff and 16 UK sites.