Coveris enters Czech market with S&K Label acquisition

Following recent acquisitions in Hungary and Poland, S&K Label marks the third acquisition in Central and Eastern Europe.

Coveris has signed and completed another strategic deal in Central and Eastern Europe with the acquisition of S&K Label in the Czech Republic.

Following Coveris’ recent acquisitions of two flexible packaging plants in Hungary and Poland, S&K Label in the Czech Republic marks the third acquisition in Central and Eastern Europe, and the first acquisition of a labels business outside of the UK.

L-R: Stefan Keck, group treasury director and M&A project manager at Coveris; Jo Ormrod, president of paper business unit at Coveris; Silke Schimmerl, general counsel at Coveris; Miroslav Vrba, CEO of S&K Label; Radek Svoboda, majority shareholder at S&K Label and Andrew Joy, finance director paper business unit at Coveris.
L-R: Stefan Keck, group treasury director and M&A project manager at Coveris; Jo Ormrod, president of paper business unit at Coveris; Silke Schimmerl, general counsel at Coveris; Miroslav Vrba, CEO of S&K Label; Radek Svoboda, majority shareholder at S&K Label and Andrew Joy, finance director paper business unit at Coveris.

As one of the technologically most advanced manufacturers in the region, S&K Label provides an ideal strategic fit with Coveris’ labels business to create a pan-European business platform.

Commenting on the acquisition, Christian Kolarik, Group CEO of Coveris, said: ‘We are excited by this opportunity to invest in the growth of our labels business, build on our platform and broaden our geographic reach.

‘The acquisition of S&K Label is an excellent opportunity for us to secure locally produced high-quality labels for our customers, helping to meet the current and anticipated future growth in demand for sustainable labels. This acquisition will also enable us to further strengthen our position in mainland Europe.’

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