# Transcontinental acquires Multifilm Packaging in Elgin, Illinois

Transcontinental Inc. has acquired Multifilm Packaging Corporation, a flexible packaging maker in Elgin, Illinois, near Chicago, employing over 70 people and serving high-end confectionery markets.

- Type: Acquisition
- Announced: 2018-03-07
- Where: Elgin, Illinois, United States
- Value: $1.32B
- Status: completed
- Capacity: 21 production facilities
- Products: flexible packaging, high-barrier laminates, confectionery piece-wraps, aluminum foil printing, cast film extrusion
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Transcontinental Inc.](https://endata.com/companies/2936.md) (acquirer)
- [Multifilm Packaging Corporation](https://endata.com/companies/2937.md) (target)
- [Coveris Americas](https://endata.com/companies/3075.md) (target)
- [Coveris Holdings](https://endata.com/companies/3076.md) (partner)
- [Coveris Holdings](https://endata.com/companies/3076.md) (target)
- [Sun Capital Partners](https://endata.com/companies/3077.md) (investor)
- [Sun Capital Partners](https://endata.com/companies/3077.md) (partner)

## Sources

- [tctranscontinental.com](https://tctranscontinental.com/en-ca/company-overview/news-room/press-releases/transcontinental-inc-acquires-multifilm-packaging), 2018-03-07: "Transcontinental Inc. announced today that it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, near Chicago, in Illinois, employing over 70 people."
- [canadianpackaging.com](https://www.canadianpackaging.com/general/transcontinental-inc-acquires-multifilm-packaging-corporation-159383/), 2018-03-07: "Transcontinental Inc. (aka TC Continental) has announced it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, Ill., near Chicago."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-rpc-group-ccl-industries-duravant/), 2018-03-16: "Transcontinental Inc has acquired US-based flexible packaging supplier, Multifilm Packaging Corporation."
- [tctranscontinental.com](https://tctranscontinental.com/en-ca/company-overview/news-room/press-releases/transcontinental-inc-announces-transformational), 2018-04-02: "The purchase price is US$1.32 billion (approximately C$1.72 billion 1), subject to customary closing adjustments."
- [privateequityinternational.com](https://www.privateequityinternational.com/transcontinental-buy-sun-capitals-coveris-americas-1-7-bln-reuters/), 2018-04-02: "Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion)"
- [thestar.com](https://www.thestar.com/business/transcontinental-makes-leap-in-shift-to-packaging-with-1-32-billion-deal-to-buy-coveris/article_5aa6ea7e-e9a8-5272-9366-b21b594ac64b.html), 2018-04-02: "The deal announced Monday after a lengthy auction process complements and bolsters Montreal-based Transcontinental's product offering"
- [reuters.com](https://www.reuters.com/article/us-coveris-americas-m-a/transcontinental-beefs-up-packaging-business-with-1-32-billion-coveris-deal-idUSKCN1H90SP/), 2018-04-02: "Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion)"
- [designpackagingnews.com](http://designpackagingnews.com/en/transcontinental-inc-to-buy-the-u-s-packaging-business-of-coveris/), 2018-04-02: "Transcontinental Inc said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion)"
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mas-week-transcontinental-orbis-hengan-mega-jumbo-investments/), 2018-04-05: "Canada-based flexible packaging company Transcontinental has signed a definitive agreement to acquire Coveris Americas $1.32bn."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2018-04-10/transcontinental-opens-door-to-amazon-with-coveris-takeover), 2018-04-10: "Transcontinental Inc.'s proposed $1.32 billion purchase of Coveris Americas, announced last week, will bring on board several food suppliers that rely on Coveris for packaging"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.