Cofresco
PDF DownloadCofresco 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 ’21
Sales in € thous.
2021
290,132
2020
289,223
Employees, full-time employees, annual average
2021
1,035
2020
982
Headquarters
Minden, Germany
Managing Director
Oliver Strelecki
Websites
www.cofresco.de / www.albal.fr / www.albal.net / www.handybag.fr / www.swirl.de / www.bacofoil.co.uk / www.wrapmaster.global
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 consistently optimize it.
Market and business trends in 2021
As in the previous year, there was strong demand for Cofresco household products such as baking paper, bin liners, and cling film in 2021. The market shares gained in 2020 were largely maintained. Due to the easing of the corona measures, business with clients in the food service sector also recovered in the past fiscal year. Significant increases in material and logistics prices and the availability of input materials were the main challenges.
Outlook 2022
Cofresco expects that the effects of the Covid-19 pandemic will continue to be strongly evident in the current fiscal year. The aim is to further strengthen the brands and expand market share. This is to be achieved with innovative products and enhanced digital brand communication. As part of the “Honest 100” sustainability strategy, the recycling content of numerous products will also be increased once again. A further key objective for the current fiscal year is to maintain and strengthen the company’s earning power – despite the unfavorable price development and availability of materials.
