Following its recent acquisitions of packaging sites in Hungary, Poland, and Czech Republic, Coveris’ acquisition of Hadepol Flexo will mark the company’s fourth acquisition in CEE and the continuation of its strategy to invest in selected geographies and markets.

With this deal, Coveris said it has achieved its strategic goal to better balance the operations footprint and become a leader in the CEE markets.

The acquisition is subject to customary regulatory clearance and is expected to close towards the middle of Q2 2024.

Founded in 1994, Hadepol Flexo operates two production facilities located in Rypin, Poland and specialises in paper and film-based packaging 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,” said Coveris CEO Christian Kolarik.

“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.”

Coveris’ corporate office is in Vienna and the group has 30 sites in the EMEA region, with a total of 4,000 employees.