Roda Packaging acquires packaging supplier Industries Rada Ltd.
Canadian PlasticsCanadian Plastics Packaging
Laval, Que.-based Industries Rada is an injection molder and blow molder of custom packaging products.
Rigid plastic container maker Roda Packaging has acquired Quebec-based Industries Rada Ltd., an injection molder and blow molder of custom packaging products.
The terms of the deal have not been disclosed.
In a statement, Roda Packaging said that it has been sourcing materials from Rada – which was founded in 1999 – for more than 10 years. “Under the new designation Industries Rada (2019) Inc., the new entity will help respond positively to a specific shortage in market supply,” Roda Packaging said.
Joining the organization will be Stéphan Berthiaume as president and Isabelle Lehoux CFO and human resources officer.
“With this transaction, we gain the combined strengths of production capacity, a proven sales force and a cross- Canada distribution network,” Berthiaume said in the statement. “We believe in the intrinsic value of the made-in-Quebec business model we offer our clients, and now look to reap the benefits of enhanced production capacity and of technology investments to be made in the months to come. Furthermore, we are firmly committed to becoming a collaborative lab and high-performance centre for recycled-resin reintegration.”
Headquartered in Laval, Que., Roda Packaging also has manufacturing plants in Toronto and Vancouver. The company was founded more than 30 years ago, and manufactures rigid plastic containers, bottles, and caps and closures for the North American market.