Excelis Packaging Automation (LFM Capital) Acquires Kraken Automation

December 20, 2024

LFM Capital’s portfolio company SureKap has rebranded as Excelis Packaging Automation and acquired Kraken Automation, a Canada-based specialist in high-speed material handling, case packing and cartoning systems. Financial terms were not disclosed; the acquisition expands Excelis’ turnkey packaging automation capabilities and adds secondary packaging and material-handling expertise to the platform.

Buyers
Excelis Packaging Automation, LFM Capital
Targets
Kraken Automation Inc.
Platforms
Excelis Packaging Automation
Location
Ontario, Canada
Transaction Type
Addon

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