View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 4, 2012

Sun European acquires Kobusch–Sengewald

Sun European Partners has announced that one of its affiliates has completed the acquisition of producer and processor of plastic packaging Kobusch-Sengewald from Pregis in a deal worth €160m.

Sun European Partners has announced that one of its affiliates has completed the acquisition of producer and processor of plastic packaging Kobusch-Sengewald from Pregis in a deal worth €160m.

Earlier in October 2011, Pregis, the global provider of protective packaging and a wholly-owned subsidiary of Pregis Holding, announced a definitive purchase agreement to sell its business unit to Sun European Partners.

Pregis will use the proceeds from the deal to repay a share of its asset-based lending facility and otherwise retain for debt repayment, general corporate purposes and future reinvestment.

Kobusch-Sengewald reported sales of €211.6m for the full year 2011 and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €24.8m.

The unit operates six manufacturing sites, with one in Egypt, two in Germany, and three in the UK.

Sun European Partners’ affiliates have invested in over 280 companies worldwide with combined sales in excess of $45bn since the inception of Sun Capital Partners.

Kobusch Sengewald provides plastic-based flexible and semi-rigid packaging solutions to the food, chemical, hygiene product and medical sectors. The company’s range of manufactured products includes flexible films, ready-made bags, pouches and sleeves.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Packaging Gateway