Sector News

Coveris Announces Acquisition of Agricultural Plastics Leader Olefinas

June 18, 2015
Chemical Value Chain
(BUSINESS WIRE) – Coveris Holdings S.A., a leading global packaging and coatings solutions company, today announced the acquisition of Olefinas, a leading agricultural plastics company with operations in Guatemala and Mexico. Entering Latin America supports Coveris’ initiative to providing 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. Since 1959, Olefinas has been the pioneer of banana plastics and produces more than 300 million pounds of high value added products annually dedicated to enhancing crop yield.
 
“We consistently look for opportunities to better serve our growing customer base and expanding our market reach,” said Gary Masse, Coveris CEO.
 
Olefinas has more than 600 employees across its two locations in Guatemala City, Guatemala and San Luis Potosi, Mexico. Capitalizing on Coveris’ global strengths and Olefinas’ agricultural market expertise, this Latin American-based operation will be rebranded as COVERIS-Olefinas.
 
“Olefinas is thrilled to become part of this growing, global packaging company,” said Clayton McNeel of Olefinas. “Olefinas has enjoyed tremendous success in our markets, and we are excited to continue our journey with Coveris.”
 
Source: Coveris

comments closed

Related News

September 25, 2022

France and Sweden both launch ‘first of a kind’ hydrogen facilities

Chemical Value Chain

France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).

September 25, 2022

NextChem announces €194-million grant for waste-to-hydrogen project in Rome

Chemical Value Chain

The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.

September 25, 2022

The problem with hydrogen

Chemical Value Chain

At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?