Albéa acquires Covit S.L., manufacturer of metal parts
1 mars 18 | e.bonus | #288 :: rss
Albéa makes the acquisition of Covit S.L, a manufacturer in the drawing, anodizing, assembly and decoration of metal parts for packaging products, from PHI Industrial private equity fund.
This acquisition will provide Albéa with global Metal capabilities and expertise while building a strong, global supplier of metal parts. Metal is a critical asset in the fragrance & cosmetics market where packaging often combines metal and plastic parts, said Albéa.
“With Covit, we are building a metal business with facilities in Torelló (Spain), Waterbury, CT (USA) and Shanghai (China) that will offer a wide range of products and technologies, world-class technical expertise, global reach and a strong commitment to Corporate Social Responsibility” explains François Luscan, Albéa’s President & CEO.
Photo Based in Torelló (Spain), Covit owns an extensive know-how in stamping, anodizing and color matching as well as years of experience primarily in dispensing systems. The company employs 200 people and achieved sales of appr. €20 million in 2017.
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