Transcontinental Inc. acquires Québec-based Les Industries Flexipak Inc., extending its flexible packaging footprint to Eastern Canada

Transcontinental Inc. (TSX: TCL.A TCL.B) announced today that it has acquired Les Industries Flexipak Inc., a flexible packaging supplier located in Montréal, Québec, employing 55 people. The company is a converter specialized in flexographic printing, lamination as well as bag and pouch making, and has other value-added capabilities. Les Industries Flexipak Inc. offers a wide range of flexible packaging products serving consumer goods companies, food processors and retailers across several markets including frozen fruits and vegetables, seafood, snacks, grains, nuts and beverage (shrink films). It 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 Québec – which marks yet another step in the development of our North American network,” said François Olivier, President and Chief Executive Officer 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. Driven by its belief in outstanding customer service and innovation, Flexipak has a strong family business culture that will naturally blend with ours. We are truly delighted to welcome Flexipak’s employees to the TC Transcontinental family and look forward to growing our flexible packaging business with them.”

Les Industries Flexipak Inc. was founded in 1998 by President and Chief Executive Officer Charles Boustany. As part of the transaction, all managers and employees will be retained, including Karl Boustany, Vice President and General Manager.  Customers will therefore continue to be serviced by the current team.

“Flexipak has been a family-owned business for nearly 20 years and, today, I am very proud that it is joining a solid family-controlled corporation headquartered in Montréal,” said Charles Boustany. “The fact that we were chosen by TC Transcontinental is an indisputable validation of our successful business model. TC Transcontinental is led by seasoned leaders who foster a long-term vision to grow its flexible packaging division. I am confident that Flexipak’s talented team, led by my son Karl, will continue to thrive as part of TC Transcontinental Packaging’s North American network, with a continued focus on quality and excellent customer service. Our two companies are a natural fit. TC Transcontinental’s entrepreneurial spirit, core values and strong culture will undoubtedly resonate with Flexipak’s employees as they embark on this new chapter.”

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.
http://tctranscontinental.com/en/-/transcontinental-inc-acquires-quebec-based-les-industries-flexipak-inc-extending-its-flexible-packaging-footprint-to-eastern-Canada

Related Posts

Berry Global to Expand its North American Capacity for Clear, Sustainable Foodservice Packaging

Berry Global Group, Inc. announced plans to expand its foodservice packaging manufacturing operations in North America as part of its long-term strategic growth commitments. This more than $110 million investment will expand its proprietary and industry-leading polypropylene thermoforming capabilities to manufacture clear drink cups and lids for quick-service restaurants, coffee shops, convenience stores, and other foodservice markets. The clear design fills an increasing demand for a cup that showcases a premium brand image and beverage appeal and improves restaurant operation efficiencies while offering a more sustainable packaging option. Foodservice brand owners are steadily increasing their forecasted volumes with Berry production for access to the Company’s 30-plus active patents across clear cups and lids. In addition, customized plastic cup and lid brand owner solutions are a rapidly increasing market trend, pulling volume from alternative substrates since 2017. As a result, Berry has demonstrated its market leadership, outpacing market trends growing its sales by a forecasted 60%*.

Amcor Sustainability Report reflects on landmark year

Amcor released its 2022 Sustainability Report, detailing continued progress against key sustainability metrics and announcing an enhanced target to achieve 30% recycled content across its portfolio by the end of the decade. The new recycled content target, which is three times its previous target of 10%, comes as Amcor reflects on a landmark year for its efforts on sustainability. In fiscal year 2022, the company committed to net zero emissions by 2050, more than doubled post-consumer recycled material purchased since 2019 and achieved a Gold rating from EcoVadis for its industry-leading sustainability practices, placing Amcor among the top 5% of all companies assessed. The Report highlights how Amcor has advanced on its pledge to make all products recyclable, reusable or compostable by 2025, with 74% of total production by weight already designed to be recycled and the number of innovative solutions with more sustainable properties continually growing.

Crown Helps Coca-Cola Turkey Go Thermochromic for Summer Promo

Coca-Cola Turkey has launched its summer promotional range, making unprecedented use of thermochromic inks to add color, function and fun to ten new aluminium beverage can designs. Historically, one or two thermochromic inks have been combined to communicate temperature changes. For the first time, Coca-Cola Turkey is using thermochromic ink technology as a true decorative tool, making it an integral part of how the can looks. Four separate inks have been used to create bright designs that stand out when the cans are chilled and the drinks ready for consumption. The designs featured on Coke Red and Coke Zero beverage cans all have summer themes, ranging from ice cubes and palm trees to sandals and sailing boats. The images are colourless at ambient temperature and change to colourful patterns when the drink is chilled and ready for consumption. Click Read More below for additional information.
Back To Top
×Close search
Search