Kobusch-Sengewald is a leading supplier of specialized flexible packaging films for the food, consumer goods, and medical industries, along with semi-rigid and rigid packaging solutions for the high-end food market. Kobusch-Sengewald operates six manufacturing sites, with two in Germany, three in the U.K., and one in Egypt.
Commenting on the transaction, Glenn Fischer, President and Chief Executive Officer of Pregis, stated, "I am pleased to announce the sale of our Kobusch-Sengewald business. We wish the best of luck in the future to Borge Kvamme and his management team and I am confident the business will continue to thrive under its new ownership."
William Blair & Company LLC served as sell-side advisor to Pregis.