FMN | April 16th, 2018

An N.V. Publication FLEX

April 16, 2018

Vol. 20 No. 8

Market News


Serving The Flexographic Printing Industry In Print and Online at

Transcontinental Buys Coveris

X-Rite, Flint Group Form Partnership Flint Group’s Paper & Board busi- ness has entered into a new partner- ship with X-Rite to deliver a color solution that leverages the X-Rite eXact and NetProfiler. VIVO Colour Solutions is a color communication and service plat- form supported by Flint Group’s centralized color service provider, the Global Colour Centre (GCC). VIVO ColourCloud utilizes the eXact device to provide a central web- based self-service digital color repository, containing thousands of approved and tested colors. FPA Wraps Annual Meeting The Flexible Packaging Associa- tion’s 2018 Annual Meeting was re- cently held March 13-15, 2018, at the Ritz-Carlton Golf Resor t in Naples, Florida. Attendees included more than 300 FPA members and guests who participated in general sessions that focused on flexible packaging industry-specific chal-

T ranscontinental Inc. has entered into a definitive agree- ment to acquire the business of Coveris Americas, a busi- ness held by Coveris Holdings S.A., a portfolio company of Sun Capital Partners, Inc. The purchase price is $1.32 billion, sub- ject to customary closing adjustments.

Coveris Americas, Chicago, Illinois, manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels. As of December 31, 2017, Coveris Americas operated 21 pro- duction facilities worldwide, namely in the Americas, the Unit- ed Kingdom and Australasia. Coveris Americas has more than 3,100 employees, the majority of whom are located in the Americas. For its fiscal year ended December 31, 2017, Coveris Americas generated $966 million in revenues and $128 million in Adjusted EBITDA. “Today’s announcement marks a turning point in TC Transcontinental’s 42-year history,” said Isabelle Marcoux, Chair of the Board of Transcontinental Inc. “This transaction crystal- lizes our strategic shift toward flexible packaging and solidifies our commitment to profitable growth.” “We are thrilled to announce such a game-changing transaction for TC Transcontinental and to bring our vision of becoming

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