Coveris has acquired manufacturer, St. Neots Packaging, as part of a strategic move to support its continued growth in cartonboard.
Established in 1994, St. Neots is a 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, the company’s 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, 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.’
This strategic acquisition supports the company’s 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.
This news comes after St. Neots recently announced that they had significantly increased capacity following their investment in UK’s first KBA Rapida 145 large format press to deliver 40% more cartonboard capacity.
Andy Ducker, St. Neots chairman commented, ‘The backing of the Coveris group marks a major development for St Neots and enables the business to accelerate growth to its next phase. With Coveris’ experience, shared values of service and innovation and extensive knowledge of our products, the acquisition provides a very exciting opportunity for our staff and customers to grow.’
