Sealed Air Corporation has signed a definitive agreement to acquire Streetsboro, Ohio-based Automated Packaging Systems, Inc. for $510 million on a cash and debt free basis. Operating seven manufacturing facilities in the US and UK, APS offers packaging equipment, sustainable materials and technical services. The transaction is expected to close in the third quarter of this year, subject to applicable regulatory reviews and customary closing conditions.
Sealed Air Corporation buying Automated Packaging Systems
Will expand Sealed Air’s automated solutions and sustainable packaging portfolio
May 2nd, 2019
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