Initial Packaging News Today

11 May 2021 (Last Updated May 11th, 2021 16:39) Austria-based industrial company Coveris has acquired British flexible packaging company Four04 Packaging. Share Article The strategic deal will allow Coveris to expand its UK presence and enhance its manufacturing capacities. A former privately owned company, Four04 is involved in flexible packaging manufacturing and supplying packaging materials for various industries. It focuses primarily on packag...

Neil Tague Industrial developer Harworth Group has acquired Towngate Business Park, a multi-let industrial estate in Widnes, from Yorkshire property company Towngate. The asset is fully let and generates rental income of £958,000 per year with an average unexpired lease term of 4.3 years. The deal reflects a net initial yield of 7.1% and a reversionary yield of around 9.4%. Harworth was advised by Metis and Freeths, while B8 Real Estate and Littler Associates represented the vendor. Towngate B...

Initial Packaging operates in the specialty packaging area The deal for the Widnes, Cheshire-based business, which was completed earlier this month, will enable the Austrian headquartered packaging giant to gain access to new markets and distribution channels, as well as expanding its product portfolio and manufacturing capability in the specialty packaging area. Coveris said this market is experiencing “continuous and solid growth rates” globally, notably in e-commerce, hygiene, pharma and...

Coveris bags Initial Packaging Ltd European packaging firm Coveris buys up UK bag manufacturer Initial Packaging Ltd Coveris factory European packaging company Coveris has bought UK specialty bag manufacturer Initial Packaging Ltd as part of its growth strategy to focus on high-end packaging solutions. With this acquisition, Vienna-headquartered Coveris said it gains access to new markets and distribution channels, as well as expands its product portfolio and manufacturing capability in this �...

March 4, 2021 Coveris has acquired speciality bag maker Initial Packaging Solutions as part of a wider strategy to capitalise on the growth of high-end packaging. Based in the UK, Initial specialises in protective, tamper evident and customised packaging for security, logistics and diagnosis applications. Coveris said it seized on the opportunity to acquire Initial at a time… TO CONTINUE READING, PLEASE SUBSCRIBE OR LOGIN