TC Transcontinental acquired a majority stake in Ecuador-based Trilex.

TC Transcontinental has acquired a 60% participation in Industrial y Commercial Trilex, a plastic packaging supplier located in Guayaquil, Ecuador, employing about 170 people. Financial terms were not disclosed. Trilex specializes in the production and sale of packaging materials and banana farm plastics for protection and pest control. As the largest plastic supplier to the banana industry in Ecuador, Trilex enjoys a solid reputation of developing and providing a full range of solutions in this field. "The acquisition of a majority participation in Trilex, a leading supplier to the banana export industry, is aligned with our growth strategy for the Packaging Sector. Trilex expands our already well-established footprint in Latin America with a second location in Ecuador, in addition to our plants in Guatemala and Mexico, and our sales office in Costa Rica. We are pleased to acquire a majority participation in such a respected company that has fostered solid business relationships with a large customer base over the years. Today, we wish to extend a warm welcome to all of Trilex’s talented employees who are joining our team of committed, innovative and results- oriented people.” François Olivier, TC Transcontinental President and Chief Executive Officer.