M&A Deal Summary

Coveris Group Acquires Kobusch-Sengewald

On November 18, 2013, Coveris Group acquired packaging company Kobusch-Sengewald from Sun Capital Partners

Acquisition Highlights
  • This is Coveris Group’s 4th transaction in the Packaging sector.
  • This is Coveris Group’s 2nd transaction in Germany.

M&A Deal Summary

Date 2013-11-18
Target Kobusch-Sengewald
Sector Packaging
Buyer(s) Coveris Group
Sellers(s) Sun Capital Partners
Deal Type Merger

Target

Kobusch-Sengewald

Warburg, Germany
website
Kobusch-Sengewald is a provider of high value, bespoke, plastic-based flexible and rigid packaging solutions to the food, chemical, hygiene product and medical sectors. The business benefits from its unique technical capabilities, custom-made product offering, and geographical presence providing a “one-stop-shop” of tailored solutions to customers across multiple jurisdictions. Kobusch-Sengewald, based in Warburg/Westfalen, employs over 1,100 employees across six sites located in Germany, Egypt and the United Kingdom. The Company’s range of manufactured products includes flexible films, rigid packaging, ready-made bags, pouches and sleeves.

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Coveris Group

Vienna, Austria

website


Category Company
Founded 2013
Sector Packaging
DESCRIPTION

Coveris is a global plastic packaging company formed by the combination of Exopack, Britton Group, Kobusch, PACCOR and Paragon Print & Packaging, the company is an established leader in the development, manufacture, and sourcing of flexible and rigid plastic and paper packaging, as well as coatings solutions for various consumer and industrial end-use markets. Coveris was founded in 2013 and is based in Vienna, Austria.


DEAL STATS #
Overall 6 of 14
Sector (Packaging) 4 of 11
Type (Merger) 2 of 2
Country (Germany) 2 of 2
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 InteliCoat Technologies

South Hadley, Massachusetts, United States

InteliCoat Technologies is a supplier of precision coated paper, specialty substrates for imaging technologies, and imaging products for the ink jet printing market. InteliCoat's services also include the development of unique coating processes for substrates used in flexible printed circuitry, the construction of electronic and medical components, and other specialized markets such as digital fine art and photographic reproduction applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 KubeTech Custom Molding

Pittsburgh, Pennsylvania, United States

KubeTech is a North American cube and stack injection mold design, development and production company. Established as a new company in 2012, KubeTech has six manufacturing sites and more than 40 years of experience in providing complex custom molding and assembly expertise to some of the largest consumer brands in the world. From tooling and automation to strategic program management, KubeTech can successfully execute your project and commercialize your product.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 54 of 125
Sector (Packaging) 5 of 8
Type (Merger) 3 of 3
Country (Germany) 4 of 6
Year (2013) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-04 Edwin Watts Golf Shops

Fort Walton Beach, Florida, United States

Edwin Watts Golf Shops, LLC is a retailer of golf equipment, apparel and accessories. Founded in 1968, Edwin Watts markets its products through 59 company-owned stores located primarily in the Southeastern U.S.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Sell -