Transcontinental $1.32 billion acquisition of Coveris' packaging business

2/4/2018
Asset acquisition

$ 1.32 billion

Announced

2/4/2018


Overview:

  • Canada-based printing company Transcontinental has acquired Coveris' packaging business in a $1.32 billion deal. 
  • Coveris is a packaging and coating solutions manufacturer. 
  • BMO Capital Markets and JP Morgan Securities acted as financial advisers for Transcontinental and Goldman Sachs and Wells Fargo advised Coveris.
  • The transaction is expected to close in the third quarter of Transcontinental's FY2018. 

Kurt Stumpo - Journalist

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