Global sustainable packaging solutions provider Coveris has reached an agreement to acquire Poland-based manufacturer HADEPOL FLEXO.
HADEPOL was founded in 1994 and specialises in producing high-quality flexible paper and film packaging.
It operates two production facilities in Rypin, Poland, where it caters to bakeries and supermarkets within the domestic market.
This acquisition marks Coveris' fourth in the Central and Eastern European (CEE) region, following recent investments in Hungary, Poland, and the Czech Republic.
It signifies the continuation of the company’s growth strategy, focusing on selected geographies and markets.
Coveris CEO Christian Kolarik said: “I am delighted that despite the turbulent times in the overall industry, we manage to continue to follow our growth strategy.
“We again prove that we are capable of expanding our service and offerings and thrive, together with our customers. HADEPOL FLEXO represents a perfect fit with our existing production network that will allow us to materialise synergies and broaden our service and packaging solutions offer for European bakery and confectionery customers."
The acquisition is pending customary regulatory approvals and is anticipated to be completed by the second quarter (Q2) of 2024.
This move comes on the heels of Coveris' investment in its labels business through the acquisition of S&K LABEL, a Czech Republic-based producer of large and technologically advanced self-adhesive labels in the CEE region.
