Austrian packaging manufacturer Coveris (Vienna; www.coveris.com) has snapped up its third business in Eastern Europe, buying Czech label producer S&K Label (Brno; www.sklabel.eu) for an undisclosed sum.

S&K Label was founded in 1991 and claims to be the first privately-owned company specialising in the production of self-adhesive labels in former Eastern Bloc countries. 

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The deal to buy the Czech firm follows recent acquisitions of Hungarian flexible packaging maker Plasztik-Tranzit, now Coveris Pirtó, and Polish packaging manufacturer DK Lamin.

S&K is the first label business Coveris has bought outside the UK. It said S&K “provides an ideal strategic fit with [our] labels business to create a pan-European business platform”.

Christian Kolarik, Coveris’ chief executive, added, “The acquisition of S&K Label is an excellent opportunity for us to secure locally produced, high-quality labels for our customers … [and] will also enable us to further strengthen our position in mainland Europe.”