Transcontinental to buy Sun Capital's Coveris Americas for $1.7 bln: Reuters
Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings SA for about $1.70 billion (US$1.32 billion) as the Canadian publisher looks to join other top North American companies in the flexible packaging space, Reuters reported. As part of the deal, Transcontinental will take control of privately held Coveris Americas’ 21 production facilities that make rollstock, bags and pouches, shrink films and labels, among others. Luxembourg's Coveris Holdings is a portfolio company of U.S. private equity firm Sun Capital Partners. It was formed in 2013 through a merger of five packaging businesses.
2 April 2018•2 mins read
