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Edition: Global
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Industry buzz

Covit changes hands

Covit, a Barcelona-based supplier of global packaging solutions in plastic and metal for perfumery and cosmetics, has passed under the control of Phi Industrial Acquisitions Group, a company specializing in corporate acquisition and restructuring.

According to his former owner, the Vemsa group, the sale of Covit, which is official since 19 July 2010, should ensure the continuity of the company’s business.

Phi Industrial Acquisitions Group stated that it would maintain Covit’s management team, while initiating the company’s screening and profitability improvement.

Maria Bofill, current Director of Sales, will continue to coordinate the relationship with customers.

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