Coveris realigns into four business units

Packaging supplier Coveris Holdings SA has realigned its operations into four business units: Americas, Rigid, EMEA (Europe, the Middle East, and Africa), and UK Food & Consumer.

In a statement, Chicago-based Coveris said the action was taken “to continue to enhance how [we] deliver service in response to changing market demands.”

“Many of our global customers want to be served locally by partners who have deep, first-hand knowledge of their products and markets,” said Dimitri Panayotopoulos, chairman and interim CEO of Coveris. “We believe this strategy – creating leaner, more focused business units – recognizes this customer preference and will enable us to better meet their needs.”

Chicago-based Coveris further announced as part of its go-forward strategy that it is exploring strategic alternatives for its Americas and Rigid packaging businesses following the realignment, for the continued optimization of the company.

“With approximately $1 billion in revenues and a roster of longstanding customer relationships, the Americas business is well positioned for continued growth,” added Panayotopoulos. “Our Rigid business is likewise ready for the next step in its evolution.”