Leading packaging manufacturer Coveris, advised by Eisenberger & Herzog, acquires Plasztik-Tranzit Kft
Coveris, one of the leading manufacturers of packaging, has successfully completed the acquisition of Hungarian Plasztik-Tranzit Kft, a specialist supplier of high-quality packaging for the food industry. Plasztik-Tranzit Kft will from now on operate under the name Coveris Pirtó. The parties to the contract have agreed not to disclose the purchase price.
With this second acquisition in the last six months, Coveris continues to pursue its growth strategy of establishing a hub for high-tech packaging production in Eastern Europe, coupled with major investments in the food, medical, and film production divisions.
Eisenberger & Herzog facilitated the international transaction under the leadership of partner Clemens Lanschützer. “We are very pleased that we were able to successfully secure this transaction, which is strategically important for our client,” said Clemens Lanschützer. E&H has once again demonstrated its expertise and capability in advising Austrian clients on international deals from a central hub.
Advisers to Coveris
Eisenberger & Herzog (lead counsel): Clemens Lanschützer (partner; corporate/M&A, real estate law), Dieter Thalhammer (Partner, competition law), Helena Neuner (associate; corporate/M&A, real estate law), Josef Moser (associate; corporate/M&A, real estate law) and Sophie Bara (Associate, competition law)
Noerr (local counsel, Hungary): Dr. Zoltán Nádasdy (partner; corporate/M&A, real estate law), Dr. Ákos Mátés-Lányi (counsel; corporate/M&A), and Dr. Edina Schweizer (partner; banking & finance).
Coveris is a leading manufacturer of packaging, with headquarters in Vienna, 24 locations in the EMEA region, and over 4,200 employees. As a provider of flexible packaging solutions, Coveris develops packaging with special properties that are used to preserve products from food to pet food, from medical products to industrial and agricultural products.
About Plasztik-Tranzit Kft
Plasztik-Tranzit Kft is the leading manufacturer of flexographic packaging in Hungary, producing high quality packaging primarily for the food industry.