$1.32 billion purchase of Coveris Americas makes it North America’s seventh-largest packaging company.
The company’s sixth acquisition since entering the flexible packaging industry.
$1 billion to purchase companies would allow flexible packaging revenues to surpass printing for the first time.
Expansion will fall under a new company called SaltWire Network.
Newspaper publisher shifted the plant’s work to Transcontinental in July.
Move due to the shifting landscape for some commercial products.
Thirteen newspapers, equipment and book business sold to Star news Publishing.
Ultra Flex Packaging employs nearly 300 people in Brooklyn, NY.