360° Coverage : Coveris™ Names Gary Masse Chief Executive Officer

1 Updates

Coveris™ Names Gary Masse Chief Executive Officer

Apr 8 2014, 4:16pm CDT | by

Coveris, the sixth largest global plastics packaging company, has announced the appointment of a new Chief Executive Officer.

Matthews, NC, April 08, 2014 --(PR.com)-- Coveris, the sixth largest global plastics packaging company, today announced the appointment of Gary Masse as Chief Executive Officer, effective April...

Filed under: news

YouTube Videos

 
 
 

29 weeks ago

Coveris™ Names Gary Masse Chief Executive Officer

Apr 8 2014, 4:16pm CDT | by

Coveris, the sixth largest global plastics packaging company, has announced the appointment of a new Chief Executive Officer.

Matthews, NC, April 08, 2014 --(PR.com)-- Coveris, the sixth largest global plastics packaging company, today announced the appointment of Gary Masse as Chief Executive Officer, effective April 14, 2014.

Masse is a seasoned, results-driven leader with more than 25 years of experience in the manufacturing sector, most recently serving as Chief Executive Officer of Precision Partners Inc., a $500 million engineering and manufacturing company. During his tenure, Masse implemented a culture of teamwork and accountability across the businesses, which resulted in 19 percent revenue increase, 38 percent EBTIDA growth and record cash flow.

Immediately prior to Precision, Masse was Group President for Cooper Industries, where he managed the $800 million Cooper Tools global business which had more than 50 percent of its sales outside of the United States. At Cooper, Masse achieved profitable growth through global expansion and expanded margins by implementing lean manufacturing at the operations and back office. Masse has also held executive and senior management positions at Danaher Corporation and General Electric.

“The Board is very pleased that Gary Masse, a proven executive with a strong record of success with global manufacturing businesses, is joining Coveris,” said David Mezzanotte, Managing Director of Sun Capital Partners, Inc., a private investment firm whose affiliate owns the Company. “Gary brings a wealth of experience and we believe his leadership will be valuable for Coveris to continue its growth.”

“I am excited to be joining Coveris, and I look forward to working with our global team to build on previous successes and capture even more opportunities in the global packaging market,” said Masse. “Most importantly, we will continue to focus on providing our customers superior quality and service, innovative solutions, and a broad range of the best products.”

Masse succeeds Jack Knott, who will remain involved with the company as a non-executive director on the Coveris board. “The Board thanks Jack for his contributions as CEO,” added Mezzanotte, “including overseeing the formation of the Company through the combination of five packaging companies in the U.S. and Europe, launching the Coveris brand in 2013 and getting 2014 off to a great start. Our estimated results for the first quarter ending March 31, 2014 show sales up 2-4 percent and EBITDA up 18-20 percent over the prior year.”

With aggregate revenues of more than US$2.8 billion and more than 8,600 employees, Coveris serves its global customers through a manufacturing base spanning North America, Europe, the Middle East and China. Coveris is an affiliated portfolio company of Sun Capital Partners, Inc.

About Coveris™

Coveris is the sixth largest global plastic packaging company in the world. Formed by the combination of Exopack, Britton Group, Kobusch, PACCOR and Paragon Print & Packaging, the company is an established leader in the development, manufacture, and sourcing of flexible and rigid plastic and paper packaging, as well as coatings solutions for various consumer and industrial end-use markets. With aggregate revenues of more than US$2.8B, the company manages 64 plants across North America, Europe, the Middle East, and China. Coveris is an affiliated portfolio company of Sun Capital Partners, Inc. For more information, visit www.coveris.com.

About Sun Capital Partners, Inc.

Sun Capital Partners, Inc. is a pioneer in private equity investing, uniquely combining the financial skills and resources of a traditional private equity firm with the insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from our in-house professionals, resources, and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 335 companies worldwide with combined sales in excess of $45 billion since our inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, visit www.SunCapPart.com.

Media Contact:
Tom Faust
Stanton Public Relations & Marketing
TFaust@StantonPRM.com
646-502-3513

Contact Information:
Coveris Advanced Coatings
Joanne Parrott
UK: +44 1978 660 241 USA: +1 704 847 9171
Contact via Email
http://www.coverisadvancedcoatings.com

Read the full story here: http://www.pr.com/press-release/549403

Press Release Distributed by PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

China pledges $81 mn financial assistance for Afghanistan
Beijing, Oct 31 (IANS) China Friday pledged to provide non-reimbursable assistance of 500 million yuan (about 81 million dollars) to Afghanistan this year at an international meeting on Afghanistan held here.
 
 
EU seeks talks with Russia over goods duties: WTO
Geneva, Oct 31 (IANS) The European Union (EU) has sought a consultation with Russia over the tariffs the latter imposed on certain agricultural and manufactured goods, the World Trade Organisation (WTO) said Friday.
 
 
Virgin Galactic's spaceship crashes during test flight
Los Angeles, Nov 1 (IANS) A passenger rocket plane developed by Virgin Galactic's crashed Friday after suffering an "in-flight anomaly" during a powered test flight over the US state of California, the company said.
 
 
Bhopal fugitive Warren Anderson is dead (Roundup, Changing dateline)
Washington, Oct 31 (IANS) Warren Anderson, the former CEO of Union Carbide Corp, has died at 92 after living for 30 years under the shadow of the 1984 Bhopal gas tragedy that killed thousands.
 
 
 

Latest from the Network

Three Iraqis arrested on terror charges in Switzerland
Geneva, Nov 1 (IANS) Swiss authorities Friday said they arrested three Iraqi nationals suspected of planning a terrorist attack in Europe. The office of the attorney general of Switzerland said in a statement that the...
Read more on Politics Balla
 
Pakistan repatriates 29 Afghans
Islamabad, Oct 31 (IANS) Pakistan handed over 29 Afghans arrested during a military operation in its northwestern tribal region to Afghan authorities, the army said Friday. The Pakistani security forces had launched a...
Read more on Politics Balla
 
Less than half of Americans support stricter gun laws: Poll
Washington, Oct 31 (IANS) Less than half of Americans said they back tougher gun laws, which is significantly lower than the 58 percent recorded just after the 2012 school shooting in Newtown, Connecticut, that left 20...
Read more on Politics Balla
 
Zimbabwe's main opposition calls for fresh polls again
Harare, Oct 31 (IANS) Zimbabwe's opposition MDC-T party said Friday economic challenges confronting the country could only be resolved if the country holds free and fair polls. MDC-T president Morgan Tsvangirai told...
Read more on Politics Balla
 
Trapped miners confirmed dead: Colombia
Bogota, Oct 31 (IANS/EFE) Twelve workers trapped by a flood inside a coal mine in the northwestern province of Antioquia are dead, Colombian authorities said Friday. "With an inspection we made in the night hours, we...
Read more on Politics Balla
 
10,000 agents searching for missing Mexican students
Mexico City, Oct 31 (IANS/Prensa Latina) The search for the 43 students who disappeared in Iguala, in the Mexican state of Guerrero, continued Friday with participation of 10,000 agents, including federal forces,...
Read more on Politics Balla
 
Unicef wants unimpeded delivery of aid to kids in CAR
Geneva, Oct 31 (IANS) The UN Children's Fund (Unicef) Friday asked for unhampered delivery of humanitarian assistance to children in need of support amid the recent episodes of unrest in Central African Republic (CAR...
Read more on Politics Balla
 
UN calls for inclusive urban development
United Nations, Oct 31 (IANS) UN General Assembly President Sam Kutesa Friday called for an inclusive and sustainable approach for urban development that considers the needs of marginalised groups. Commemorating the...
Read more on Politics Balla
 
Ponzi schemer in US cheats residents of $22 mn, jailed
Washington, Oct 31 (IANS) If you have been one of those approached by some 'known' person for investing in something with an assurance of 'easy money', you may benefit reading about this Ponzi schemer, jailed in the US...
Read more on Politics Balla
 
China pledges $81 mn financial assistance for Afghanistan
Beijing, Oct 31 (IANS) China Friday pledged to provide non-reimbursable assistance of 500 million yuan (about 81 million dollars) to Afghanistan this year at an international meeting on Afghanistan held here. China...
Read more on Politics Balla