Navigation Links
Pregis Announces Sale of Kobusch-Sengewald Business to an Affiliate of Sun European Partners
Date:10/14/2011

DEERFIELD, Ill., Oct. 14, 2011 /PRNewswire/ -- Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, announced today that it has entered into a definitive purchase agreement to sell its Kobusch-Sengewald business unit to Sun European Partners, LLP ("Sun European Partners"), the European adviser to Sun Capital Partners, Inc., for gross proceeds of euro 160 million. Sales of the Kobusch-Sengewald business for the twelve months ended September 30, 2011 were euro 211.6 million, with adjusted EBITDA (before unallocated corporate expenses) of euro 24.8 million. The proceeds from the transaction will be used to repay a portion of Pregis' asset-based lending facility and will be otherwise retained for debt repayment, general corporate purposes, and future reinvestment.

Kobusch-Sengewald is a leading supplier of specialized flexible packaging films for the food, consumer goods, and medical industries, along with semi-rigid and rigid packaging solutions for the high-end food market. Kobusch-Sengewald operates six manufacturing sites, with two in Germany, three in the U.K., and one in Egypt.  

Commenting on the transaction, Glenn Fischer, President and Chief Executive Officer of Pregis, stated, "I am pleased to announce the sale of our Kobusch-Sengewald business.  We wish the best of luck in the future to Borge Kvamme and his management team and I am confident the business will continue to thrive under its new ownership."

William Blair & Company LLC served as sell-side advisor to Pregis.

About Pregis:

Pregis Corporation is a leading global provider of innovative protective, flexible, and foodservice packaging and hospital supply products. The specialty-packaging leader currently operates 46 facilities in 18 countries around the world.  Pregis Corporation is a wholly owned subsidiary of Pregis Holding II Co
'/>"/>

SOURCE Pregis Corporation
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related medicine technology :

1. Lifebox Global Not-For-Profit Announces American Society of Anesthesiologists Joins Campaign to Improve Surgical Care in Developing Countries
2. Mindray Announces Expansion of its A Series Anesthesia Portfolio
3. Higher Mobility Announces Residential Lift Briefing Sessions for Physical Therapists, Caseworkers, Social Workers, Skilled Nurses
4. EMKinetics Announces Start of Pivotal Trial for the TranStim™ Transdermal Neuromodulation System
5. ShangPharma Corporation Announces Shareholder Resolutions Adopted at 2011 Annual General Meeting
6. ShangPharma Corporation Announces Resignation of a Director
7. Sterling Health Plans Announces Medication Therapy Management Program Partnership
8. Oncobiologics, Inc. Announces Two New Agreements Worth Close to $80 Million
9. Telik Announces Initiation of a Phase 2b Clinical Trial of Telintra® (Ezatiostat HCL) in Patients With Low to Intermediate-1 Risk Non-Deletion (5q) Myelodysplastic Syndrome
10. ULURU Inc. Announces Altrazeal® Agreement for the European Market
11. Mylan Announces Intention to Refinance Existing Secured Credit Facility
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... , Jan. 15, 2014  Research and Markets ... the "Dental Consumables Market - Global Industry ... - 2018" report to their offering. ... ) Dental consumables are products which are ... impairments, for tooth restoration and in treatment of ...
(Date:1/15/2014)... , Jan. 15, 2014  Novation, the leading ... company, awarded several new IT value-added reseller (VAR) ... hospital organizations with IT goods and services at ... agreements, as well as value-added services such as ... New Novation agreements were awarded to ...
(Date:1/15/2014)... DUBLIN , January 15, 2014 ... that it has waived the Office of Fair Trading (OFT) ... the outstanding shares of ViroPharma Incorporated (NASDAQ: VPHM).   ... no longer conditional on OFT approval, and Shire expects to ... currently scheduled expiration time, subject to the satisfaction of all ...
Breaking Medicine Technology:Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2018 2Dental Consumables Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2018 3New Novation Information Technology VAR Contracts Offer Significant Savings to Hospitals 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 2Shire Waives OFT Condition Relating to the Acquisition of ViroPharma Inc. 3
... 21 WebMD Health Corp. (Nasdaq: WBMD ), the ... leading pharmacy-led health and beauty retailer, today announced the launch ... The strategic partnership with Boots UK expands WebMD,s presence internationally ... issues that are most relevant to them. , WebMD brings ...
... (NYSE: ABT ) today announced that it has ... Visiogen, expanding the company,s vision care business with a ... for cataract patients. , Visiogen,s Synchrony® accommodating ... It is designed to mimic the eye,s natural ...
Cached Medicine Technology:WebMD Launches New Consumer Health Portal in the U.K. 2WebMD Launches New Consumer Health Portal in the U.K. 3Abbott Completes Visiogen Acquisition 2
(Date:4/14/2014)... treat children with uncomplicated acute appendicitis is a reasonable ... fewer missed school days, according to a pilot study. ... Hospital and published online April 12 in the ... the first prospective study on nonoperative management of acute ... , Researchers enrolled 77 patients age 7 to 17 ...
(Date:4/14/2014)... 2014, Perth, Australia. Drug discovery company Proteomics International ... of a companion diagnostic (CDx) test with the ... The research team authenticated the panel of biomarkers ... samples. Seven biomarkers were validated at high stringency ... The mass spectrometry data was then cross-validated using ...
(Date:4/14/2014)... 2014) When it comes to the cost and ... Patients get the best care when they are treated ... extensive experience in their current job, according to a ... and Columbia Business School. The study was published in ... Applied Economics . , The review of more ...
(Date:4/13/2014)... STANFORD, Calif. A low-cost empowerment program for ... and sexual harassment of these girls, who live ... and are frequently attacked, a large new study ... Stanford University School of Medicine, Lucile Packard Children,s ... No Worldwide, validated the program,s effectiveness in combating ...
(Date:4/11/2014)... the processes that control brain cell production could pave ... brain-related disorders. , Scientists have gained new understanding of ... how and when nerve and brain cells are formed ... and keeps it healthy. Their findings could help explain ... which is a fundamental characteristic of many diseases including ...
Breaking Medicine News(10 mins):Health News:Antibiotics alone are a successful treatment for uncomplicated acute appendicitis in kids 2Health News:Antibiotics alone are a successful treatment for uncomplicated acute appendicitis in kids 3Health News:Longer nurse tenure on hospital units leads to higher quality care 2Health News:Empowerment program greatly decreases incidence of rape, Stanford/Packard-led study finds 2Health News:Empowerment program greatly decreases incidence of rape, Stanford/Packard-led study finds 3Health News:Empowerment program greatly decreases incidence of rape, Stanford/Packard-led study finds 4
... , , , ... Lost in the confusion and complexity of health care reform is the ... can drive real, effective health care reform. , ... WhatsTheRealCost.org , a multi-faceted, online effort designed to inspire debate, ...
... , , , , ... of Certified Fraud Examiners (ACFE) presented its annual Cliff Robertson Sentinel Award ... Chicago) at the 20th Annual ACFE Fraud Conference & Exhibition Wednesday in ... an acceptance speech before an audience of more than 2,000 at Bellagio ...
... July 15 IDEXX Laboratories, Inc. (Nasdaq: IDXX ... for Friday, July 24, at approximately 7:00 a.m. (eastern). The Company will ... day. , , Individuals can access ... IDEXX Web site, www.idexx.com. An archived edition of the call will be ...
... long-term problems seen with minimally invasive technique , ... designed for a completely different purpose has unearthed a ... that the vein used for the bypass is removed ... of the surgery. , People whose veins are removed ...
... , , WASHINGTON, ... Affordable Health Choices Act. The bill includes many of the provisions ... a monumental day in the history of health care for our ... 2009. The bill will provide unprecedented coverage for all Americans. ...
... , , , ... Inc. (OTC Bulletin Board: NVLX), announced today that it completed its first sale ... Last Shot Hangover Remedy(TM), was made to a local bar establishment by the ... official launch of its Last Shot Hangover Remedy(TM) across the U.S., concentrating in ...
Cached Medicine News:Health News:Regence Launches Effort to Further Health Care Debate 2Health News:Regence Launches Effort to Further Health Care Debate 3Health News:Pamela Davis Announced as Recipient of ACFE Sentinel Award 2Health News:Vein Removal Method Linked to Bypass Results 2Health News:Vein Removal Method Linked to Bypass Results 3Health News:Affordable Health Choices Act Is an Excellent Step Toward Health Care Reform 2Health News:Nuvilex Completes First Sale of Last Shot Hangover Remedy(TM) 2Health News:Nuvilex Completes First Sale of Last Shot Hangover Remedy(TM) 3Health News:Nuvilex Completes First Sale of Last Shot Hangover Remedy(TM) 4
The ExcaliburPlus PC is the most powerful isolated ESU with 10,000 V PTP in spray coag....
This unit is the finest standalone handswitch bipolar unit available....
...
...
Medicine Products: