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:7/30/2014)... , July 30, 2014  Packaging Coordinators, Inc. ... definitive agreement to acquire Penn Pharmaceutical Services Limited (Penn ... in the United Kingdom ... Hope, Pennsylvania and Tokyo ... services, including Clinical and Commercial dosage form manufacturing, as ...
(Date:7/30/2014)... 30, 2014   Medical Equipment Solutions, Corp. ... a Department of Defense (US Army) contract valued at ... mobile MRI diagnostic machine and technical support staffing. As ... the Small Business Administration (SBA), Medical Equipment is proud ... the latest medical diagnostic equipment. The SBA 8-A certification ...
(Date:7/30/2014)... 2014 Die Apex Medical Corporation ... Bereich Atemtherapie- und Druckzonenprodukte, gibt bekannt, dass ... Deutschland anfechten werden. Dieses hat entschieden, dass ... von ResMed verletze. Apex weist darauf hin, ... verschiedene Patente von ResMed Anfechtungen wegen Nichtigkeit ...
Breaking Medicine Technology:PCI Announces Definitive Agreement to Acquire Penn Pharma 2PCI Announces Definitive Agreement to Acquire Penn Pharma 3PCI Announces Definitive Agreement to Acquire Penn Pharma 4PCI Announces Definitive Agreement to Acquire Penn Pharma 5Medical Equipment Solutions Corp. Awarded $2 Million contract To Service DoD 2Apex setzt seinen Kampf gegen Patente für einen freien Wettbewerb fort 2Apex setzt seinen Kampf gegen Patente für einen freien Wettbewerb fort 3
(Date:7/30/2014)... within a large teaching hospital in Ireland has shown than ... in place to minimise the risk of entrapment. The report, ... therefore emphasises the need for careful selection of patients for ... need for monitoring and maintenance of hospital bed systems. , ... falling from bed. However, although the risk for any individual ...
(Date:7/30/2014)... 2014 4DSP’s new CES720 (Compact Embedded ... designed to provide a complete and generic processing platform ... is housed in an enclosure measuring five inches per ... a low-power x86 CPU tightly coupled to a high-performance ... – VITA 57.1). The Kintex-7 410T FPGA ...
(Date:7/30/2014)... According to the American Cancer Society, an estimated ... United States in 2014. (1) NTC , a ... and financial industry, has long been a proponent of advancing ... company has further demonstrated its commitment by participating in its ... Springs event to increase awareness and fundraising efforts to benefit ...
(Date:7/30/2014)... HealthDay Reporter TUESDAY, July 29, ... are vital to good health and a long life, but ... of fruits and vegetables each day, additional daily servings don,t ... The human body may only be able to effectively process ... its ability to absorb important nutrients from extra helpings, said ...
(Date:7/30/2014)... 2014 Sagacious Consultants, the premier full-service ... to a group of charities supporting veterans—Wounded Warrior Project, ... Grider Foundation. This donation is part of Sagacious Consultants’ ... contribute a donation every year to a charity of ... surrounding communities. , “We are thrilled to make this ...
Breaking Medicine News(10 mins):Health News:High frequency of potential entrapment gaps in hospital beds 2Health News:4DSP Introduces a Compact Platform for UAVs with Embedded Processing and Flexible IO 2Health News:4DSP Introduces a Compact Platform for UAVs with Embedded Processing and Flexible IO 3Health News:4DSP Introduces a Compact Platform for UAVs with Embedded Processing and Flexible IO 4Health News:NTC Takes Action Against Cancer With 5th Consecutive Relay For Life of Palm Harbor & Tarpon Springs, Raises Over $12,000 for Cancer Research 2Health News:NTC Takes Action Against Cancer With 5th Consecutive Relay For Life of Palm Harbor & Tarpon Springs, Raises Over $12,000 for Cancer Research 3Health News:NTC Takes Action Against Cancer With 5th Consecutive Relay For Life of Palm Harbor & Tarpon Springs, Raises Over $12,000 for Cancer Research 4Health News:Fruits, Veggies May Have Their Limits in Boosting Lifespan 2Health News:Fruits, Veggies May Have Their Limits in Boosting Lifespan 3Health News:Sagacious Consultants Supports Veterans Charities With $10,000 Donation 2
... help combat an increased risk for life-threatening cardiovascular diseases, ... be well // advised to monitor their blood sugar ... to a new study. ,Researchers conducted a meta-analysis ... relationship between blood sugar levels and cardiovascular disease. Results ...
... study says that Man's best friend might be able to ... dogs can smell odors from malignant tumors in urine samples. ... trained over seven months to discriminate between urine from patients ... dog was then given samples of urine from six control ...
... study researchers say the antidepressant duloxetine, also known ... fibromyalgia in women . Duloxetine works by stopping ... of the brain’s neurotransmitters that are linked to ... that is characterized by body pain, muscle tenderness, ...
... were treated for depression responded better if they had ... ,An increasing amount of research is looking at ... specifics have not been understood. Researchers conducted a study ... the treatment of depression. ,The study included 115 ...
... new study confirms the recommendation by the American Heart ... beneficial to your heart. ,A number of studies ... the reduction of heart disease. In the current study, ... dietary fiber intake and the risk of coronary heart ...
... previously held belief that infants' brains don't divide into ... the brain's left hemisphere plays the leading role in ... ,Researchers are using functional magnetic resonance imaging, or ... speech. They say this is the first time fMRI ...
Cached Medicine News:Health News:High Fiber Diet Found To Protect The Heart 2Health News:fMRI Offers Insight Into An Infants Brain 2
... The DNA Engine instrument is ... Unprecedented thermal uniformity and ... and block-to-block. This rugged ... cycler, it's a platform for new ...
... Start up kit. Includes configured Laptop PC ... 1 MultiBlock satellite thermal Cycler (non-robotic). ... User friendly software. Store/track run data. ... lid. Outstanding uniformity. Advanced control ...
0.2ml Gradient Block MBSR. Robot compatible block ejection mechanism. Stackable. (96 well block - holds 1 plate 0.2ml x 96 well plate)...
96 well format, Gradient features tests 12 PCR annealing temperatures in 1 run...
Medicine Products: