Complementing its solid printing and media operations, this acquisition significantly diversifies TC Transcontinental’s business into flexible packaging.
Transcontinental Inc., Canada, entered into a definitive agreement to acquire Coveris Americas, a Chicago-based business held by Coveris Holdings S.A., a portfolio company of Sun Capital Partners, Inc., Boca Raton, Fla., for $1.32 billion.
Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, co-extruded films, shrink films, coated substrates and labels out of 21 production facilities worldwide, namely in the United States, UK and Australasia.