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Coveris has acquired Supraplast, a shrink sleeve and adhesive label technologies company based in Guayaquil, Ecuador.
Coveris Holding Corp. and Coveris Flexibles US have entered into a management services agreement with Supraplast. This will afford Coveris an opportunity for expansion and growth in the South American region, and is the global packaging and coatings company’s first operation located in South America. Gary Masse, Coveris president and CEO, said: ‘We look forward to continued growth in Latin and South America.’
Supraplast has a broad product offering that includes shrink sleeves, self-adhesive labels, safety seals, PVC and PET shrink films. The company has a diversified portfolio of top-tier customers and serves many value-added end-use markets such as food and beverage, pharmaceutical, personal care and agriculture.