Cofresco
Cofresco is Europe’s leading supplier of branded products in the field of household film and foil for home and professional use. The operating division’s brands are at home in almost all European countries. Cofresco’s portfolio comprises product solutions for the wrapping, preparing and freezing of food, for the safe storage of household and garden items, and for the disposal of waste.
Key Figures ’20
Sales in € thous.
2020
289,223
2019
261,410
Employees, full-time employees, annual average
2020
982
2019
971
Headquarters
Minden, Germany
Websites
www.cofresco.de | www.albal.fr | www.albal.net | www.handybag.fr | www.swirl.de | www.bacofoil.co.uk | www.wrapmaster.global
Brands
Our highlight of the year
Honest 100 – shaping the future of plastics
Redesign, recycle, reduce and reuse – this is the approach adopted by Cofresco’s “Honest 100” sustainability strategy. The goal: only recycled or renewable raw materials are to be used for its products and packaging by 2025, and these must be fully recyclable or compostable. In addition, Cofresco aims to use resources more sparingly and to expand its range of reusable products.
Our positioning
Throughout Europe, the Cofresco brands stand for quality and trust – over 70 million households enjoy the benefits of the various product offerings. With its brands Toppits®, Albal®, BacoFoil®, handy bag®, and Swirl®, Cofresco is the market leader in 16 European nations. The operating division is also among the leading companies in the food service sector with its Wrapmaster® and Caterwrap® brands. Cofresco conducts its own research and aims to establish a sustainable product portfolio for a circular economy by 2025.
Our strategy
Cofresco’s strategy for the coming years is to achieve further growth, especially in its core markets, and to steadily expand its existing market shares. This will be aided by its “Honest 100” sustainability strategy, which has targeted the systematic expansion of the operating division’s eco-friendly product range. The aim is not only to maintain the high quality of the products, but also to enhance it.
Market and business trends in 2020
As a result of the COVID-19 pandemic, there was a strong increase in demand for household products such as baking paper, garbage bags, and cling film in the past fiscal year. Moreover, as consumers are currently turning increasingly to familiar brands, Cofresco recorded its best-ever year in terms of sales and significantly increased its market share in every category. At the same time, Cofresco benefited from a fall in material prices and from the swift implementation of measures to secure uninterrupted production. The only category to suffer a decline in sales as a result of the pandemic and the associated lockdowns was Foodservice in the catering segment.
Outlook 2021
Cofresco expects that the COVID-19 pandemic will continue to have a significant impact in the current fiscal year. The operating division aims to further strengthen its brands and grow market share. To this end, it plans to launch innovative products and expand its digital brand communication in the coming months. Cofresco will also drive its “Honest 100” sustainability strategy by increasing the recycled content of numerous products.