Canadian flexible packager bought by U.S. holding company

Canadian flexible packaging manufacturer Excel Pac has been acquired by holding company Packaging Solutions Holdings (PSH).  

The terms of the deal were not disclosed.

Founded in Montreal in 1953, Excel Pac supplies material to food, dairy and pet food markets. The products are delivered in rollstock form, premade pouches with press to close zippers, premade pouches with slider zippers, and side-gusseted flat bottom pouches with slider zippers.

The deal gives Lake Forest, Ill.-based PSH a total of 10 laminators and 11 printing presses in its three plants in Quebec, Massachusetts, and Wisconsin.   

According to a news release, Vincent Musacchio, Excel Pac’s CEO and owner, will be joining the Board of PSH, and his management team will remain with the company.

“With the massive consolidation that has happened among food and medical packaging suppliers, we are going to fill the void by creating a new, strong, multi-skilled procurement option for discriminating buyers of packaging.,” Harold Bevis, chairman and CEO of PSH, said in the news release.

PSH was founded in 2010 by Bevis and New York City-based private equity firm Wellspring Capital Management