Coveris Closes New Deal

Digital Exclusive

Coveris based in Vienna, Austria, has bought HLB|SFV, a previously family-owned company focused on the manufacturing and sale of various shapes of paper bags but also paper-based flexibles on reels.

This transaction is part of the Coveris 2.0 strategy to invest in high potential regions, capabilities and products, the company said, adding that the deal will significantly increase the capacity of the company in paper-bag production and strengthen its sustainability offering.

“We are now able to quickly fulfill all requests, including large volume from international key accounts for these bag solutions,” said Jakob A. Mosser, CEO of Coveris.

Over the past year, the company said, it has enhanced its medical, food, pet-food and home and personal care capacities to grow its flexible business.