Jun 18, 2014. /Lesprom Network/. Coveris acquires St. Neots Packaging. The strategic acquisition of St. Neots supports Coveris’ long-term plans for growth in new and existing markets, with a particular focus on the growing convenience and food-to-go sectors. The two St. Neots’ facilities in Cambridgeshire and sourcing office in Hong Kong complement Coveris’ existing cartonboard operation in Wisbech, Cambridgeshire, as the company said in the press release received by Lesprom Network.

Established in 1994, St. Neots is a leading manufacturer of cartonboard solutions for the food-to-go and convenience markets. Supplying film-lined sandwich packaging, bespoke cartons and other consumer products to the UK’s major retail and foodservice customers, St. Neots’ revenue has doubled in the last five years.

“St. Neots provides a hugely exciting opportunity for Coveris, enabling our customers to benefit from increased resources, shared knowledge and enhanced innovation potential,” said Mark Lapping, President of Coveris’ UK Food & Consumer business. “As a great addition to our existing cartonboard operation, the move enables us to provide a dedicated packaging offering to better serve customers in both FMCG cartonboard and food-to-go packaging markets.”

Coveris is the sixth largest global plastic packaging company in the world. With aggregate revenues of more than $2.8 billion, the company manages 65 plants across North America, Europe, the Middle East, and China. Coveris is an affiliated portfolio company of Sun Capital Partners, Inc.