Transcontinental Inc. announced on Wednesday that it had acquired Multifilm Packaging Corporation, a flexible packaging supplier located in the Chicago area.
Multifilm works in the high-end candy and chocolate packaging verticals in North America and specializes in piece-wraps and high-barrier laminates for the confectionery, snacks and dry foods markets. The company offers an integrated manufacturing process and distinguishes itself through its expertise and cast film extrusion, metallization and demetallization, as well as aluminum foil printing.
"“The acquisition of Multifilm Packaging Corporation is aligned with our growth strategy for the packaging division and presents tremendous opportunities,” says François Olivier, President and Chief Executive Officer of TC Transcontinental. “This transaction allows us to enter new high-end confectionery packaging niches and to bolster our offering in this market. Multifilm expands our manufacturing capabilities, namely with aluminum foil printing and demetallization, thereby enabling us to leverage these sought-after processes within our North American packaging platform. We are pleased to acquire such a forward-thinking company, equipped with a state-of-the-art platform and enjoying solid business relationships with its loyal customers, some of whom are internationally renowned. We wish to extend a warm welcome to all of Multifilm’s talented employees who will be joining our team of committed and results-oriented people.”
Multifilm Packaging Corporation has been owned since 2008 by four owner-managers who will all remain with TC Transcontinental to ensure business continuity.
This is TC Transcontinental’s sixth flexible packaging acquisition since entering the industry in 2014. Today, the Corporation’s packaging division has close to 1,000 employees and its North American platform comprises seven production plants and one premedia studio.
TC Transcontinental is Canada's largest printer and a key supplier of flexible packaging in North America. The Corporation is also a leader in its specialty media segments. TC Transcontinental's mission is to create products and services that allow businesses to attract, reach and retain their target customers.