PHILADELPHIA, April 2, 2018: Morgan Lewis advised Transcontinental Inc. (TSX: TCL.A, TCL.B) (“TC Transcontinental”) on its agreement announced today to acquire the business of Coveris Americas, a business held by Coveris Holdings S.A., for a purchase price of US$1.32 billion, subject to customary closing adjustments.
TC Transcontinental is Canada’s largest printer and a key supplier of flexible packaging in North America. Headquartered in Chicago, Coveris manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates, and labels.
For more details, read the announcement by TC Transcontinental.
The Morgan Lewis team was led by partners Richard Aldridge, Barbara Melby, Andrew Mariniello, Karen Butcher, Harry Robins, and Patricia Brennan, as well as associates Michael Baxter, David Miller, Michelle Catchur, Andrew Wellin, and Craig Gibson.