Global provider of protective packaging Pregis has signed an agreement to sell its Kobusch-Sengewald business unit to Sun European Partners for €160m.
Pregis will use the proceeds from the transaction to repay a portion of its asset-based lending facility and otherwise retain for debt repayment, general corporate purposes and future reinvestment.
The business reported sales of €211.6m for the full year 2011 and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of €24.8m.
Kobusch-Sengewald supplies specialised flexible packaging films for the food, consumer good and medical industries, along with semi-rigid and rigid packaging solutions for the food market.
See Also:
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData