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

 
 
 

20 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

IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist Steven Sotloff, CNN reported.
 
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported.
 
 
India offers red carpet, not red tape, Modi hard sells India (Roundup)
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hard sold India to Japanese investors saying that his country offers only a red carpet and not red tape while dubbing his five-day trip to Japan that ends Wednesday as "very successful".
 
 
Fear grips onlookers as Ebola victim walks through market
Monrovia, Sep 2 (IANS) A video footage has emerged from Liberia showing a person tagged positive for Ebola virus disease (EVD) walking through a busy market, sending hundreds of horrified onlookers fleeing in fear, a media report said Tuesday.
 
 
 

Latest from the Network

11 killed in Pakistan building collapse
Islamabad, Sep 2 (IANS) At least 11 people, including women and children, were killed Tuesday when a roof of an old building collapsed in Pakistan, a media report said. As many as 18 people were wounded when a two-...
Read more on Politics Balla
 
Imran refuses to budge as parliament supports Pakistan PM (Roundup)
Islamabad, Sep 2 (IANS) Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan refused to budge on his demand for Prime Minister Nawaz Sharif's resignation Tuesday as a joint session of parliament came out overwhelmingly...
Read more on Politics Balla
 
IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist...
Read more on Ad Balla
 
Modi cites people's efforts for India-Japan strategic ties
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday said India and Japan were now working as "special strategic and global" partners and this was the result of efforts of not just the two governments but because...
Read more on Politics Balla
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported. The video also...
Read more on Ad Balla
 
Rahane shines as India seal series in Edgbaston
Birmingham, Sep 2 (IANS) Ajinkya Rahane's maiden century and his century-run stand with Shikhar Dhawan powered India to a comprehensive nine-wicket win over England in the fourth ODI here Tuesday and also sealed the...
Read more on Sport Balla
 
India vs England: Scoreboard, fourth ODI
Birmingham, Sep 2 (IANS) The following is the final scoreboard of the fourth ODI between India and England at Edgbaston here Tuesday. England Alastair Cook c Raina b Kumar 9 Alex Hales b Kumar 6 Gary Ballance c Rahane...
Read more on Sport Balla
 
Britain asks citizens to review travel plans to Pakistan
Islamabad, Sep 2 (IANS) The British Foreign and Commonwealth Office (FCO) has advised its citizens to review their planned trips to Pakistan in view of the volatile security situation in the country. "There is a high...
Read more on Politics Balla
 
Jaime King: Motherhood is all that matters
Jaime King says her son is the most important thing in her life now. The 'Sin City: A Dame to Kill For' star welcomed her first child James - her son with husband Kyle Newman - into the world last October and since she...
Read more on Celebrity Balla
 
Chris Brown pleads guilty to assault
Chris Brown has pleaded guilty to assault. The 'Beautiful People' hitmaker was sentenced to time already served by a judge after accepting a plea deal at a Washington DC superior court today (02.09.14), where he was...
Read more on Celebrity Balla