Coveris, a packaging company, completed the acquisition of Initial Packaging Solutions, a packaging products provider. Financial terms were not disclosed. “After a long and extensive search for an ideal partner, we are delighted to welcome Initial Packaging in the Coveris family. Initial Packaging supports our growth strategy in high performance speciality bags. Alongside food and pet food we will realise further growth in the hygiene, pharma and medical segment. This product group is a perfect example of how plastics can show its superior performance in a convincing and sustainable way," Jakob Mosser, Coveris CEO.