By: ICN Bureau
Last updated : February 19, 2024 9:05 am
The acquisition will enable the company to further strengthen its position in mainland Europe
European sustainable packaging solutions provider Coveris has invested in its labels business with the acquisition of the Czech Republic-based enterprise S&K LABEL. This is Coveris’ third strategic expansion in Central and Eastern Europe (CEE) and its first label business acquisition outside the UK.
Established in 1991, S&K LABEL is a large and technologically advanced self-adhesive label producer in CEE.
The acquisition follows Coveris’ recent strategic moves in Hungary and Poland, where it acquired two flexible packaging plants.
This latest deal with S&K LABEL is seen as a significant step in creating a pan-European business platform for Coveris, particularly in the labels sector.