Transcontinental Inc. acquires Quebec-based Les Industries Flexipak
Headquartered in Montreal, Les Industries Flexipak is a converter specialized in flexographic printing, lamination as well as bag and pouch making, and has other value-added capabilities.
November 1, 2017 by Canadian Plastics
Quebec-based flexible packaging supplier Les Industries Flexipak Inc. has been purchased by Montreal’s Transcontinental Inc. for an undisclosed amount
Les Industries Flexipak, also headquartered in Montreal, is a converter specialized in flexographic printing, lamination as well as bag and pouch making, and has other value-added capabilities. Founded in 1998, the firm employs 55 people, and is the first flexible packaging company in Québec to be awarded BRC Packaging certification, a standard recognized by the Global Food Safety Initiative (GFSI), with an AA grade.
“I am excited to announce this fifth flexible packaging acquisition in North America – our first in the province of Quebec – which marks yet another step in the development of our North American network,” said François Olivier, president and CEO of TC Transcontinental. “This transaction extends our footprint to Eastern Canada by adding a Montréal-based facility equipped with a state-of-the-art platform, and gives us the opportunity to further develop our existing business relationships with retailers in the country.”
As part of the transaction, all managers and employees of Les Industries Flexipak will be retained.
In 2014, TC Transcontinental made its first strategic acquisition in the flexible packaging industry with Capri Packaging, located in Missouri. In 2015, the Corporation doubled its revenues in this area by acquiring Ultra Flex Packaging Corp. in New York. TC Transcontinental made two other acquisitions in 2016: Robbie Manufacturing in Kansas and Flexstar Packaging Inc. in British Columbia – its first flexible packaging acquisition in Canada.
TC Transcontinental has operations in print, flexible packaging, publishing, and digital media.