Coveris Rigid is a leading pan-European plastics packaging company for food and non-food applications with a turnover of 560 million euros and 18 production sites in Europe and the United States.
The company typically supplies plastic packaging to blue chip companies and local manufacturers active in the dairy, processed fresh food and food service industries.
At the time, Coveris said that the divestiture of the Americas business would help it focus on European operations. In Europe, Coveris is a leader in the field of flexible packaging.
Recently, the Coveris Group announced that it has completed the agreement to divest its hard packaging business. The US private equity group Lindsay Goldberg LLC acquired Coveris Rigid on July 31, the amount is unknown.
The move is part of the Coveris adjustment strategy, which aims to provide high-performance solutions for the food, pet food, medical and pharmaceutical markets and other growing consumer segments, primarily Europe.