Toronto-based extruded film maker Covertech Fabricating Inc. has acquired Seville Packaging Inc., a flexible packaging converter headquartered in Mississauga, Ont.
June 21, 2012 by Canadian Plastics
The terms of the deal have not been released.
Seville will now do business as Seville Plastics Inc. The company will continue to operate at its 50,000-square-foot Mississauga plant. Founded in 1989, Seville manufactures specialty consumer and industrial packaging, including stand-up and re-sealable zipper pouches, laminated rollstock, poly bags, poly woven bags, and solventless lamination materials.
“This acquisition fits in perfectly with [our] growth strategy…and compliments the core business of film extrusion,” Covertech said in a letter to its customers. “The synergies…will result in increased efficiencies for Seville and allow it to be highly competitive in the market place.”
Covertech is a manufacturer of both co-ex and monolayer extruded film, as well as reflective insulation and protective packaging. Covertech operates from a 107,000-square-foot facility.