Coveris Holdings Acquires Olefinas

Published: July 22, 2015

CHICAGO, IL | Coveris Holdings S.A., a global packaging and coatings solutions company, reports the acquisition of Olefinas, a leading agricultural plastics company with operations in Guatemala and Mexico. The Latin American-based operation will be rebranded as COVERIS-Olefinas.

Coveris says entering Latin America supports its initiative to provide a full range of packaging solutions for agricultural products. This is the second new geographic market Coveris has entered in the past six weeks, following the recently announced acquisition of Elldex, a full-service flexible packaging company in New Zealand.

Olefinas manufactures packaging solutions for a full range of agricultural products, including tree bags, labels, twine, and aging ribbons for the banana industry, as well as mulch and fumigation films, insect traps, modified atmospheric packaging, and shrink films.

“Olefinas is thrilled to become part of this growing, global packaging company,” says Clayton McNeel of Olefinas. “Olefinas has enjoyed tremendous success in our markets, and we are excited to continue our journey with Coveris.”

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