Sealed Air to acquire Automated Packaging Systems for $510M

Sealed Air signed a definitive agreement to acquire US-based automated bagging systems maker Automated Packaging Systems for a total consideration of $510 million on a cash and debt-free basis. The deal is subject to regulatory approval.

“Sealed Air has signed a definitive agreement to acquire US-based automated bagging systems manufacturer Automated Packaging Systems (APS) for a total consideration of $510m.”packaging-gateway.com

• 2 sources
• packaging-gateway.comSealed Air to buy US firm Automated Packaging Systems for $510mMay 1, 2019
• ipfmexpo.comFirst-half roundup: Packaging deals among the largest so far in 2019Sep 23, 2019

Summarized from public sources; check the original articles before acting on it.