“Coveris reported a solid second quarter,” said Gary Masse, president/CEO. “We reported our highest quarterly operating income since the formation of Coveris. The full Coveris team is focused on our strategic initiatives and are using the Coveris Business System tools and processes as the means to deliver these results. I am looking forward to the continued evolution of CBS across Coveris.”
In July, the company announced a successful term loan addition. The proceeds of which will repay its nearest term bond maturity, which was due May 2018, and to provide an additional $100 million of liquidity. The transaction is expected to close on August 18, 2016.
As a leading international manufacturing company, Coveris is dedicated to providing solutions that enhance the safety, quality and convenience of products we use every day. In partnership with the most respected brands in the world, Coveris develops vital products that protect everything from the food we eat, to medical supplies, to the touch screen device in our pockets, contributing to the lives of millions every day.