Coveris announces the successful signing and completion of another strategic deal in Central and Eastern Europe: the acquisition of S&K Label in the Czech Republic. Following the companys’ recent acquisitions of two flexible packaging plants in Hungary and Poland, S&K Label in the Czech Republic marks the packaging leader’s third acquisition in CEE, and the first acquisition of a labels business outside of the UK. As one of the technologically most advanced manufacturers in the Central and Eastern Europe region, S&K Label provides an ideal strategic fit with Coveris’ labels business to create a pan-European business platform.
Commenting on the acquisition, Christian Kolarik, Group CEO of Coveris, says: “We are excited by this opportunity to invest in the growth of our labels business, build on our platform and broaden our geographic reach. The acquisition of S&K Label is an excellent opportunity for us to secure locally produced high-quality labels for our customers, helping to meet the current and anticipated future growth in demand for sustainable labels. This acquisition will also enable us to further strengthen our position in mainland Europe.”
In June 2023 and three years after establishing its first manufacturing site in Central and Eastern Europe, the packaging company has further expanded its footprint by accessing the strongest market in the region, Poland. D.K. Lamin will be integrated into the Coveris network and together with Coveris Pirtó in Hungary, create a hub for high-tech packaging production in Eastern Europe. The Polish company is an established, fast growing and well invested manufacturer of high-end flexible packaging laminated filmds and converted products. With its focus on value-added food, pet food, home and personal care as well as medical packaging, the expertise and offer of D.K. Lamin aligns with the existing portfolio of Coveris, especially supporting its growth strategy in pet food.
"With this deal, D.K. Lamin is joining an international network which will support our growth and secure our solid long-term future. The reliable and strong structure of Coveris will also be a great advantage to our customers.", Pawel Daniluk, MD of D.K. Lamin states. Christian Kolarik adds: "We are already a very strong player in the pet food market and with D.K. Lamin as the newest member of the Coveris Group we see a huge growth potential by adding hight value capacity and expertise to our existing business. It is a site with strong focus on a fast-growing domestic market. Together with Pawel Danilu, the former owner who is staying on board as managing director, we are looking to further invest and leverage its potential on the way forward."
