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Coveris Acquires Plasztik-Tranzit to Enter Packaging Market in Eastern Europe
Monday 09 March 2020

9 March 2020 - Vienna-based packaging company Coveris Management GmbH has acquired Hungary based packaging solutions provider Plasztik-Tranzit Kft serving the food industry, to create a hub for high-tech packaging production in Eastern Europe, the company said.

Coveris acquired Plasztik-Tranzit for an undisclosed sum.

As part of the acquisition, Plasztik-Tranzit Kft is to be renamed Coveris Pirtó.

Plasztik-Tranzit Kft's technology will allow Coveris to offer high quality extrusion, flexo printing, lamination and converting services to the Central and Eastern European market.

This is the second acquisition of Coveris within the past six months, during which period Coveris also strongly increased and modernised capacity throughout its existing network.

Coveris is a European packaging company that manufactures flexible packaging solutions that protects all types of products - from food to pet food, from medical devices to industrial and agricultural products.

Coveris operates 25 sites in the EMEA region with 4,200 employees.

Plasztik-Tranzit Kft is a flexo printing packaging producers offering modern inhouse capabilities including extrusion, flexo printing, lamination and converting in both Hungary and neighbouring markets.
Details
Date Published: 09/03/2020
Target: Plasztik-Tranzit Kft
Country: Hungary
Sector: Paper/Packaging/Office Supplies
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Coveris Management GmbH,  
Comment:
Terms of the deal were not disclosed

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