Coveris Announces Acquisition Of Leading New Zealand-Based Packaging Solutions Company Elldex

Strategic addition marks continued commitment to growth and geographic expansion

Chicago, IL /PRNewswire/ -- Coveris Holdings S.A., a leading packaging and coatings solutions company, today announced the acquisition of Elldex Packaging Solutions, a New Zealand-based full-service flexible packaging company. The acquisition, effective immediately, will enable Coveris to expand globally into Australasia.

Elldex is a manufacturer and importer of HDPE and LDPE flexible plastic packaging. With more than 125 employees, Elldex provides products that serve the meat, dairy, seafood, horticulture, and agricultural sectors.

"We are very pleased to add Elldex Packaging Solutions to Coveris," said Gary Masse, Coveris CEO. "As the global demand for our products continues to increase, Elldex will allow us to serve our customers in this important region of the world."

"Elldex is a terrific strategic fit for Coveris. We are pleased to be part of this growing packaging company," said Murray Hine, Elldex General Manager.

Elldex was previously owned by Hellaby Holdings Ltd.

ABOUT COVERIS™
As a leading international manufacturing company, Coveris is dedicated to providing solutions that enhance the safety, quality and convenience of products we use every day. In partnership with the most respected brands in the world, Coveris develops vital products that protect everything from the food we eat, to medical supplies, to the touch screen device in our pockets, contributing to the lives of millions every day.

Coveris is an affiliated portfolio company of Sun Capital Partners, Inc.

www.coveris.com

FORWARD-LOOKING STATEMENTS:
Statements in this release that are not historical are "forward-looking statements." Forward-looking statements may be identified by the use of forward-looking terminology such as the words "should," "would," "could," "will," "may," "expect," "believe," "anticipate," "attempt," "project" and other terms with similar meaning indicating possible future events or potential impact on our business. You are cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect Coveris' operations, markets, products, services, prices and other factors. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, any forward-looking statements are made only as of the date of this release, and Coveris does not intend and does not assume any obligation to update any statements set forth in this release.