Rigid plastic packaging supplier Coveris Rigid is finalising its transfer from Sun Capital to Lindsay Goldberg by changing its brand name to Paccor.
The name, which Coveris Rigid previously used between 2011 and 2013 before it was integrated into Coveris, combines the words ‘packaging’ and ‘core’. It has been chosen to emphasise a focus on developing innovative packaging solutions for the fast-moving consumer goods market.
Today, Paccor has a turnover of €590m, with 3,500 employees across 19 manufacturing units. The company aims to continue to grow by developing its organic capabilities and capacities, as well as a looking for merger and acquisition opportunities.
Chief executive of Paccor, Dieter Bergner, said: “The brand name Paccor was already well established before we became part of the Coveris family.
“After the separation from Coveris in 2017 and the divestment of the Rigid packaging business in 2018, we are confident that our former company name Paccor is the right choice to support our future development with a strong and unique brand.”