Sun Capital-backed Coveris completed the acquisition of HLB|SFV.

Sun Capital-backed Coveris Holdings, a packaging solutions provider, completed the acquisition of HLB|SFV, a paper bags manufacturer. Financial terms were not disclosed. “With the acquisition of HLB|SFV we are now able to quickly fulfill all requests, including large volume from international key accounts for these bag solutions. Our combined expertise about paper bag production in Firminy, Neuwied and now HLB|SFV is turning Coveris into a sustainability powerhouse for food, pet-food and industrial markets. Coveris total turnover is now equally distributed between paper-based solutions, films and flexibles. This is the ideal portfolio to cooperate with our customers and to develop optimized and sustainable packaging solutions,” Jakob A. Mosser, Coveris CEO.