Canada’s Transcontinental has acquired Flexstar Packaging, in a bid to expand its packaging operations in North America.
Based in Richmond of British Columbia, Flexstar Packaging produces custom printed, laminated, flexible roll-stock and specialty films for the consumer and industrial markets.
The firm provides high barrier film solutions for printing and lamination applications, as well as pouches for the cereal, confectionery, snack, frozen food and coffee markets.
With around 120 employees, the company generated revenues of about C$36m in the last fiscal year ended in July.
TC Transcontinental president and CEO François Olivier said: "Flexstar enables us to extend our footprint to the West Coast, providing us a coast-to-coast platform to better optimize our production.
“In addition, it brings us new manufacturing capabilities with film extrusion, a complementary sales force and the ability to generate synergies.
Since 11 years, Flexstar Packaging has been owned by a group of Vancouver-based investors led by Stern Partners, which included Flexstar Packaging president and CEO Marc Bray.
Bray said: “We believe our core values align very well with TC Transcontinental and are pleased to be a part of its North American packaging platform.
“We look forward to joining the TC Transcontinental Packaging team and using our combined strengths to serve our customers with a continued focus on service and quality."
With around 8,000 employees in Canada and the US, Transcontinental carries out operations in print, flexible packaging, publishing and digital media segments.
