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Acquisition

Paccor acquired EDV Packaging Solutions, S.A.

1:40 min Markets and ManagementManagement
Zell (Mosel), Germany

PACCOR has acquired the majority stake in EDV Packaging Solutions, one of the leading manufacturers of rigid barrier packaging for the food industry worldwide. EDV outpaces the competition in delivering products which require greater protection against oxygen migration and coffee capsules made from polypropylene, as well as made out of advanced bio compostable materials. The acquisition advances PACCOR’s position in rigid barrier packaging applications globally.

PACCOR, the leading manufacturer of sustainable and innovative plastic packaging solutions, has further executed its long-term growth strategy and has acquired EDV Packaging Solutions. EDV Packaging Solutions, S.A. has been the leading producer of food protection packaging, including barrier sheets and thermoformed containers to extend product shelf-life, often in partnership with global food producers.

EDV has focused on the manufacturing of rigid packaging solutions for products requiring greater protection against oxygen migration, combining this technology with a complete project management service, ranging from product conception to production and with the delivery of full solutions to customers. EDV has also developed processes for the efficient manufacturing of barrier applications such as coffee capsules made from polypropylene, as well as advanced bio compostable materials. Furthermore, EDV is the leader in rigid barrier applications for ready-meals and the world’s third largest producer of fruit bowls (for products such as, compotes).

We are very happy to welcome EDV Packaging Solutions as a new member of the PACCOR worldwide family. Over the past years, EDV has achieved very impressive growth and profitability. We are happy to merge forces in order to jointly capture further opportunities within Europe and outside of it. – commented Andreas Schütte, the CEO of PACCOR.

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