Financial terms of the deal have not been disclosed, but Coveris says that the deal will allow it to access new markets and distribution channels, as well as expand its product portfolio and manufacturing capability.

Initial specialises in tamper-evident packaging products, which are currently being used by customers to protect and securely transport goods worldwide, including within security, logistics, mailing, courier and e-commerce.

Jakob Mosser, chief executive of Coveris, comments: “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 specialty 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.”

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