Covertech Fabricating acquires Seville Packaging
Jun 19, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
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Covertech Fabricating, Inc., a manufacturer of co-extruded and monolayer films for a variety of markets, has acquired Seville Packaging, Inc., a flexible packaging converter. Both the companies are based in Canada.
Following the acquisition, Seville will do business as Seville Plastics, Inc. and will continue to operate at its Mississauga plant.
Seville has annual sales of $20 million.
The acquisition complements Covertech's growth strategy and its core film extrusion business.