Coveris buys German paper bags company HLB SFV

Coveris has acquired German paper bag manufacturer HLB SFV.

Besides paper bags, the company also manufactures paper-based flexibles on reels and mainly supplies customers from the food, pet-food, and industrial segments in the DACH region.

This transaction is part of the “Coveris 2.0” strategy to invest in high potential regions, capabilities, and products, Coveris announced.

“With the acquisition of HLB SFV, we are now able to quickly fulfill all requests, including large volume from international key accounts for these bag solutions. Our combined expertise about paper bag production in Firminy, Neuwied, and now HLB SFV is turning Coveris into a sustainability powerhouse for food, pet-food, and industrial markets. Coveris total turnover is now equally distributed between paper-based solutions, films, and flexibles,” Jakob A. Mosser, CEO Coveris comments on the latest acquisition of the group.

source:euwid

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