Coveris enters the Czech market
14 February 2024
Coveris announces the successful signing and closing of another strategic transaction in Central and Eastern Europe: the acquisition of S&K Label spol. s r.o. in the Czech Republic. It is the third acquisition in Central and Eastern Europe (CEE).
Following Coveris' recent acquisitions of two flexible packaging production sites in Hungary and Poland, S&K Label in the Czech Republic is the packaging manufacturer's third acquisition in CEE and its first in the labelling sector outside the UK. S&K Label is one of the most technologically advanced
technologically advanced production companies in Central and Eastern Europe, S&K Label is the ideal strategic addition to Coveris' labelling business to create a pan-European business platform.
"We are excited about this investment opportunity to grow our Labels business, further develop our platform and expand our geographic reach. For us, the acquisition of S&K Label is a great opportunity to ensure local production of high quality labels for our customers to meet current and future growth in demand for sustainable labelling solutions. Furthermore, this acquisition enables us to further strengthen our market position in mainland Europe." - Christian Kolarik, CEO of Coveris