Coveris – Sale of Americas business

USA • The global packaging manufacturer has entered into an agreement with Montreal, Canada-based TC Transcontinental to sell the company’s Americas packaging business for USD 1.32 billion, in an all-cash deal.
Chicago-based Coveris Americas is one of the top 10 converters of flexible packaging and other value-added products in North America and manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels.

Upon the closing of the Americas Sale, Coveris’s remaining operations will consist of its Rigid, EMEA, and UK Food & Consumer businesses, and it will have manufacturing facilities in 14 countries, 44 strategically located facilities and over 8,000 employees.

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