North American provider of packaging and specialty products Supremex has acquired all of the assets of Durabox Paper, a Canadian manufacturer of specialty corrugated paper boxes.
Founded in 2002, Durabox Paper serves customers primarily in Central and Eastern Canada as well as in the US.
Employing 50 people, the independent corrugator has generated approximately $8m in revenues in their last fiscal year.
Financial terms of the deal were undisclosed.
Supremex president and CEO Stewart Emerson said: "The addition of the equipment and knowhow allows us to efficiently produce and customize corrugated packaging, broaden the Supremex product offering and continue to diversify the business.”
Supremex said that the strategic acquisition provides it with complementary capabilities, cross-selling opportunities and vertical integration potential.
Durabox Paper president John Nickoletopoulos said that its manufacturing and customization capabilities will be a synergistic compliment to Supremex' packaging offering.
Nickoletopoulos added: “Further, with their reach, sales network and financial support we now have the resources and network to grow our capacity beyond our existing customer base and deliver even more value to existing customers.”
In August 2016, Supremex has acquired all assets of Bowers Envelope Company, a US based manufacturer and printer of envelopes, for undisclosed amount.
Established in1928, Bowers Envelope Company operates a 75,000ft2 facility located in Indianapolis.
Supremex operates facilities across seven Canadian provinces and three facilities in the US. It employs approximately 700 people.
