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Industry buzz

Albéa acquires metal parts manufacturer Covit

Albéa has acquired 100% of Covit S.L., a global leader in the drawing, anodizing, assembly and decoration of metal parts for packaging products, based in Torelló, Spain. Founded in 1979, Covit employs 200 people and achieved sales of approximately EUR 20 million in 2017.

Covit has facilities in Torelló (Spain), Waterbury, CT (USA) and Shanghai (...)

Covit has facilities in Torelló (Spain), Waterbury, CT (USA) and Shanghai (China)

According to Albéa, this acquisition will provide the group with global metal capabilities and expertise while building a strong, global supplier of metal parts. Actually, metal is a critical asset in the fragrance and cosmetics market where packaging often combines metal and plastic parts and Albéa was already Covit’s main customer.

With Covit, we are building a metal business with facilities in Torelló (Spain), Waterbury, CT (USA) and Shanghai (China) that will offer a wide range of products and technologies, world-class technical expertise, global reach and a strong commitment to Corporate Social Responsibility” explains François Luscan, Albéa’s President & CEO.

Albéa is a global supplier of packaging and full service solutions for fragrance and cosmetic brands.

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