M&As this week: Bemis, Sealed Air Corporation

15 September 2017 (Last Updated September 15th, 2017 09:47)

Bemis has reached an agreement with Evadix to acquire the latter’s subsidiaries, Evadix Labels and Evadix MPI, for €3.3m ($3.95m).

Both based in Romania, Evadix Labels manufactures high-quality printable polyethylene films, while Evadix MPI processes and prints films required for manufacturing flexible packaging solutions for food, beverages and other products.

The transaction includes approximately €0.84m ($1m) of debt repayments to Evadix.

“Sealed Air is a US-based diversified packaging solutions provider, while Fagerdala manufactures and produces polyethylene foam.”

Based in the US, Bemis is engaged in the production and supply of flexible and rigid packaging solutions, while Belgium-based Evadix develops flexible packaging.

Sealed Air Corporation has reached an agreement to p100% stake in Fagerdala Singapore (formerly Inducel Industrial Foams) for approximately $100m.

Sealed Air is a US-based diversified packaging solutions provider, while Fagerdala manufactures and produces polyethylene foam.