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 will allow both groups to lead the innovative change in manufacturing sustainable packaging and to become the global leader for rigid barrier applications,with EDV becoming PACCOR’s Center of Excellence for thermoformed products requiring higher oxygen protection.Furthermore,PACCOR will also enter the highly attractive and fast-growing market for coffee capsules in Europe.At the same time,EDV has gained a strong partner for the further support of its market growth in Europe and beyond.The acquisition advances Paccor’s position in rigid barrier packaging applications globally.
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