Coveris Enters CEE Market With Acquisition of Plasztik-Tranzit Kft

Coveris has announced the successful acquisition of Plasztik-Tranzit Kft, a specialist in high-quality flexible packaging solutions for the food industry, for an undisclosed sum. As part of the acquisition, Plasztik-Tranzit Kft is to be renamed Coveris Pirtó.

Founded in 1985, Plasztik-Tranzit Kft has become one of the leading flexo printing packaging producers in Hungary. The company offers modern inhouse capabilities including extrusion, state-of-the-art flexo printing, lamination and converting in both Hungary and neighbouring markets.

The acquisition of Plasztik-Tranzit Kft is part of Coveris’ new growth strategy that aims to create a hub for high-tech packaging production in Eastern Europe, alongside growing its capacity in the medical, food and films businesses. Plasztik-Tranzit Kft’s state of the art 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 modernized capacity throughout its existing network

Jakob A. Mosser, CEO of Coveris, said. “We are delighted that after a two-year search we have now found the perfect CEE hub that will serve all our three Business units. The existing modern technology and the strong focus on high end converted products is very impressive. We are confident to grow the company within a couple of years to the current average size of Coveris’ sites that is about m€ 50.”