Announced
Financials
Sources
Tags
Domestic
paper packaging
Majority
Containers and Packaging
Pending
Canada
Private
Friendly
Acquisition
Single Bidder
Synopsis
Supremex, a paper-based packaging solutions provider, agreed to acquire Impression Paragraph, a paper-based packaging company, for $26.6m. “We are excited with this acquisition and the critical mass it brings to our folding carton operations. Paragraph is a well-managed company with sound assets, available capacity, a solid reputation and excellent brand awareness in the Quebec marketplace. Its proven know-how, unique capabilities and strong customer relationships can be leveraged to further expand our reach in the value-added packaging space and will yield important synergies. We are thrilled to welcome Paragraph’s management and 175 employees to the Supremex team,” Stewart Emerson, Supremex President and CEO.
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