Transcontinental $1.32 billion acquisition of Coveris' packaging business

2/4/2018

Asset acquisition

Value:

$ 1.32 billion

Status:

Announced

Date:

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

Jurisdictions:

Canada
United States

Deal type:

Asset acquisition

Practice area:

M&A

Industry sector:

Industrials and manufacturing

Firms:

Morgan Lewis & Bockius

Party: Transcontinental (Acquirer)

Lawyers: Andrew Mariniello, Patricia Brennan, Richard Aldridge

Stikeman Elliott

Party: Transcontinental (Acquirer)

Lawyers: Pierre-Yves Leduc, Sidney Horn, Vanessa Coiteux

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