Packaging firm Coveris has acquired Learoyd Packaging, a flexographic print specialist based in the UK, for an undisclosed sum.
The acquisition is expected to support and strengthen Coveris’ UK flexible packaging offering through advanced processes and technologies, as well as providing access to new customer and product markets.
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Coveris’ UK food and consumer business president Mark Lapping said: "Learoyd has built an enviable market reputation for flexible packaging through its innovative culture, focus on best practice and strong management team.
"Through our aligned capabilities in flexographic print, Coveris’ investment in Learoyd will offer our customers greater access to first-class technology and an extensive knowledge base."
The financial terms of the transaction were not disclosed.
Learoyd Packaging managing director Allan Ferguson said: "Over recent years, we have invested in the long-term growth of the company, to develop a state-of-the-art facility with extensive design capabilities, as well as training and development for our staff.
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By GlobalData"The backing of Coveris will enable us to deliver accelerated growth in a market that offers considerable expansion and cross-selling opportunities both in the UK and internationally."
Learoyd Packaging offers flexible packaging solutions to major supermarkets, own brands and food manufacturers and retailers.
Prior to supplying the food industry, Learoyd supplied paper and plastic bags to the textiles industry.
Image: Learoyd Packaging offers flexible packaging solutions to food manufacturers. Photo: courtesy of Lobo.
