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Coveris Holdings S.A. generated $966 million in revenues for the year ended Dec. 31, 2017
April 2, 2018
By: Anthony Locicero
Copy editor, New York Post
Coveris Holdings S.A. said it is selling its Americas packing business to Transcontinental Inc. for $1.32 billion, which shall be paid in cash and shall be subject to customary closing adjustments. The proceeds of the Americas sale are expected to be used to repay certain of the company’s existing indebtedness. Coveris Americas generated sales and adjusted EBITDA for the year ended Dec. 31, 2017 of $966 million in revenues and $128 million, respectively. “This sale will enable us to focus...
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