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Sealed Air expects to receive proceeds of $125 million from the sale
November 13, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Sealed Air Corporation announced it has entered into a definitive agreement to sell its rigid medical packaging business to a private equity firm, Mason Wells Buyout Fund III, L.P. Sealed Air expects to receive proceeds of $125 million from the sale. Sealed Air’s rigid medical packaging business was formed from three previous acquisitions: Nelipak Holdings, Alga Plastics and ATE Costa Rica, which includes facilities in each of Ireland, the Netherlands, the U.S, and Costa Rica. “The trans...
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