GELPAC Acquires Standard Multiwall Bag Mfg. Co.
May 17, 2023
GELPAC, a North American packaging solutions leader, has acquired Standard Multiwall Bag Mfg. Co., a family-owned manufacturer with production plants in Beaverton, Oregon and Lubbock, Texas. The deal — supported by financing from CDPQ, W Investments and a banking syndicate led by National Bank of Canada and with strategic support from NAMAKOR Holdings — expands GELPAC's production footprint and strengthens its capacity to serve agrifood, pharmaceutical and industrial customers across North America.
- Buyers
- GELPAC, CDPQ (Caisse de dépôt et placement du Québec), W Investments
- Targets
- Standard Multiwall Bag Mfg. Co. (STANDARD BAG)
- Sellers
- Standard Bag founding family (second-generation family owners)
- Industry
- Packaging
- Location
- Oregon, United States
- Transaction Type
- Buyout
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