TC Transcontinental Inc. (tc.tc.) is set to acquire Coveris Americas (coveris.com), a top converter of flexible packaging, for $1.32 billion.
Headquartered in Chicago, Ill., Coveris Americas manufactures a variety of flexible plastic and paper products, including rollstock, bags and pouches, coextruded films, shrink films, coated substrates and labels. Coveris Americas operates 21 production facilities worldwide, namely in the Americas, the United Kingdom and Australasia. Coveris Americas has over 3,100 employees, the majority of whom are located in the Americas.