Coveris has agreed to acquire HADEPOL FLEXO Sp. z o.o. (private limited company), a Poland-based manufacturer of high-quality flexible paper and film packaging.
Following the packaging leader’s recent acquisitions of packaging sites in Hungary, Poland and the Czech Republic, HADEPOL FLEXO marks Coveris’ fourth acquisition in CEE and the continuation of its growth story and strategy to invest in selected geographies and markets. With this acquisition, Coveris has achieved its strategic goal to better balance the operations footprint and become a leader also in the CEE markets.
Two production facilities in Poland
Founded in 1994, HADEPOL FLEXO operates two production facilities located in Rypin, Poland and specialises in paper and film-based packaging solutions for bakeries and supermarkets, mainly for the domestic market. “I am delighted that despite the turbulent times in the overall industry, we manage to continue to follow our growth strategy. We again prove that we are capable of expanding our service and offerings and thrive, together with our customers. HADEPOL FLEXO represents a perfect fit with our existing production network that will allow us to materialise synergies and broaden our service and packaging solutions offer for European bakery and confectionery customers,” commented Christian Kolarik, CEO of Coveris.
The acquisition is subject to customary regulatory clearance and is expected to close towards the middle of Q2 2024.
Caption: Contract signing between Coveris and HADEPOL FLEXO. From left, Christian Kolarik, CEO Coveris, and Leszek Gumowski, former owner and Managing Director HADEPOL FLEXO (President of the Board)