# Transcontinental offers $1.32bn for Coveris Americas packaging business

Canada's Transcontinental made a $1.32 billion offer to purchase Coveris Americas, which operates 21 facilities producing labels and shrink films, to become a major North American packaging company.

- Type: Acquisition
- Announced: 2020-05-19
- Where: United States
- Value: $1.32B
- Status: announced
- Capacity: 21 facilities
- Products: flexible plastic packaging, paper products, labels, shrink films
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Transcontinental Inc.](https://endata.com/companies/2936.md) (acquirer)
- [Coveris Americas](https://endata.com/companies/3075.md) (target)

## Sources

- [businesschief.com](https://businesschief.com/corporate-finance/transcontinental-acquire-coveris-americas-dollar132bn), 2020-05-19: "Trancontinental (TC) ... has made a $1.32bn offer to purchase Coveris Americas."

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