Coveris enters Latin American market with Olefinas acquisition
Entering Latin America supports Coveris’ plan to provide packaging for agricultural products. Olefinas manufactures 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.
This is the second geographic market Coveris has entered in the past six weeks, following its acquisition of Elldex in New Zealand.
“Olefinas is thrilled to become part of this growing, global packaging company,” said Clayton McNeel, Olefinas.
“Olefinas has enjoyed tremendous success in our markets, and we are excited to continue our journey with Coveris.”
