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Burnley-based Learoyd Packaging, which ranked 60th in Lancashire Business View's Hot 100, has been bought by US firm Coveris.
Chicago-based Coveris is the world’s sixth largest packaging company.
"The backing of Coveris will enable us to deliver accelerated growth in a market which offers considerable expansion and cross-selling opportunities both in the UK and internationally." Mark Lapping, president of Coveris’ UK Food & Consumer business, said: "Learoyd has built an enviable market reputation for flexible packaging through its innovative culture, focus on best practice and strong management team. Through our aligned capabilities in flexographic print, Coveris’ investment in Learoyd will offer our customers greater access to first-class technology and an extensive knowledge base."
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