Yes, Coveris has acquired Polish flexible packaging firm D.K. Lamin. The acquisition was announced on June 28, 2023. The deal was reportedly worth an undisclosed sum.
D.K. Lamin is a manufacturer of high-end flexible packaging laminated films and converted products. The company was founded in 1990 and is based in Zascianki, Poland. It has a workforce of around 200 people.
Coveris is a global packaging company with operations in over 40 countries. The company is headquartered in Vienna, Austria.
The acquisition of D.K. Lamin is a strategic move for Coveris. It will allow the company to expand its presence in the Polish market and strengthen its position in the pet food packaging market.
In a statement, Christian Kolarik, CEO of Coveris, said: “We are very pleased to welcome D.K. Lamin to the Coveris Group. This acquisition is a further step in our growth strategy in the CEE region. D.K. Lamin is a well-established and profitable company with a strong focus on high-value packaging. We are confident that together we can create a leading player in the Polish packaging market.”
Pawel Daniluk, the former owner of D.K. Lamin, will remain with the company as managing director. He said, “I am delighted that D.K. Lamin has joined the Coveris Group. This is a great opportunity for our company to grow and expand its reach into new markets. I am confident that together with Coveris, we can achieve great things.”
The acquisition of D.K. Lamin is the latest in a series of acquisitions by Coveris in recent years. In 2022, the company acquired the Hungarian packaging company Pirtó. In 2021, it acquired the Spanish packaging company ITC.
These acquisitions are part of Coveris’ strategy to expand its global footprint and become a leading player in the packaging industry.
Plans for the future
Coveris’ “core business” is pet food, and the CEO expresses excitement about “extending their strong position in the market.”
Coveris now operates from a network of sites in Germany, France, the United Kingdom, Hungary, and, after the recent acquisition of D.K. Lamin, Poland.
Globules has learned that the Vienna-based company intends to expand its European capabilities.
Impact on the Flexible Packaging Industry
The acquisition is expected to have a significant impact on the flexible packaging industry. By combining resources and expertise, the merged entity will become a force to be reckoned with, capable of offering a comprehensive range of packaging solutions to its customers. Moreover, the deal is likely to stimulate competition within the industry, encouraging other players to innovate and improve their offerings.
Expansion and Synergies
The integration of D.K. Lamin into Coveris’ operations opens up new opportunities for expansion and synergies. The combined entity will have access to a broader customer base, which can result in increased sales and market share. Additionally, synergies in manufacturing processes and supply chain management are expected to drive operational efficiencies and cost savings.
Benefits to Customers and Suppliers
Customers of both Coveris and D.K. Lamin are expected to benefit from the acquisition. The merged company will be better equipped to provide customized solutions that meet specific packaging requirements. Moreover, customers can leverage the combined expertise of both firms to develop innovative and sustainable packaging solutions.
Suppliers will also witness positive outcomes, as the merged entity will have stronger bargaining power, leading to more favorable supplier relationships and potentially better procurement terms.
D.K. Lamin’s Expertise and Innovations
D.K. Lamin’s expertise in the field of flexible packaging is a valuable addition to Coveris’ portfolio. The Polish company is known for its innovations and R&D capabilities, which will further enhance Coveris’ ability to deliver cutting-edge solutions to its customers. The integration of D.K. Lamin’s technologies and patents will result in a robust intellectual property portfolio for the merged entity.