Flexible packaging solutions manufacturer Coveris has acquired the German packaging solutions provider HLB | SFV for an undisclosed amount. HLB | SFV specialises in the manufacturing and sale of various shapes of paper bags and paper-based flexible hoses. HLB | SFV is claimed to offer premium paper bag conversion capacity in the Dach region, primarily food, pet-food and industrial segments.
The acquisition is part of the Coveris 2.0 strategy to invest in regions, capabilities and products with high potential. The aim is to increase the company’s paper bag production capacity as well as strengthen its sustainability offering.
According to Coveris’CEO Akob A. Mosser, «With the acquisition of HLB | SFV we are now able to quickly fulfil 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 flexible hoses. This is the ideal portfolio to cooperate with our customers and to develop optimized and sustainable packaging solutions».
In addition to HLB | SFV, Coveris invested in its medical, food, pet-food and home and personal care capacities over the last 12 months.