Packaging Acquisitions in Canada

Coregistics, a portfolio company of Red Arts Capital, has acquired Belvika Trade & Packaging Ltd., a Mississauga-based contract packaging and supply chain services provider. The transaction, sold by Fulcrum Capital Partners, expands Coregistics' scale and capabilities in primary and secondary packaging across North America.

Imperial Dade has acquired Canpaco, Inc., Crystal Poly Converters, Arcadian Paper Converters, Inc., and Canadian Paper & Packaging Co. Ltd. to expand its presence and capabilities in Canada. The deal brings the Canpaco family of paper and packaging converters and distributors onto Imperial Dade's Canada platform; financial terms were not disclosed.

ProAmpac has signed a definitive agreement to acquire Gelpac from an investor group led by NAMAKOR Holdings, with Groupe W Investissements and CDPQ participating. The acquisition expands ProAmpac’s flexible-packaging capabilities and capacity across the United States and Canada, allowing the combined company to better serve food & beverage, agriculture, industrial and pharmaceutical end markets.

SupplyOne, a Wellspring Capital-backed packaging platform, continued its roll-up strategy in 2024 by acquiring Crownhill Packaging (Toronto) as its first international acquisition and completing add-on deals for Bacon & Graham (New Jersey) and Columbia Corrugated Box (West Coast). The transactions expand SupplyOne's geographic footprint across North America and strengthen its corrugated manufacturing and distribution capabilities.

Inno-Pak LLC, a portfolio company of Emerald Lake Capital Management, has acquired Albany Packaging Inc., a Canadian manufacturer of folding paperboard cartons. The deal (terms not disclosed) expands Inno-Pak's North American manufacturing footprint and paperboard capacity, strengthening its capabilities in foodservice, grocery and convenience-store packaging.

Imperial Dade has acquired Eugene Allard Produits d'Emballage et d'Entretien, a Quebec-based distributor of paper goods, packaging materials and janitorial products. The acquisition expands Imperial Dade's Canadian footprint and adds scale in Quebec; financial terms were not disclosed.

Weston Forest, a Mississauga-based distributor and remanufacturer of lumber and specialty panel products, has acquired Kings Wood Products of Paris, Ontario. The deal expands Weston's Canadian manufacturing base and adds Kings' pallets, boxes and specialty packaging capabilities to Weston's industrial product offering.

Imperial Dade has acquired Action Paper & Packaging, a Toronto-based distributor of paper goods, packaging materials, material handling equipment and janitorial products. The deal strengthens Imperial Dade's Canadian footprint and adds scale to its Imperial Dade Canada platform; financial terms were not disclosed.

ID Images, a portfolio company of Sole Source Capital, has acquired Canadian label manufacturers Summit Labels (Vancouver area, British Columbia) and Precision Label (Calgary, Alberta) as add-on acquisitions. The transactions expand ID Images' footprint in Canada and add digital and flexographic prime-label capabilities to the IDI platform; terms were not disclosed.

AWT Labels & Packaging has acquired Ottawa-based Label Innovation Inc., a custom label manufacturer and converter of specialty components, tapes and labels. Label Innovation will operate as a standalone business with its existing management team retained, and the acquisition is intended to expand AWT’s capabilities and customer reach in industrial, medical and security end markets.

MAX Solutions, a specialty packaging company founded by industry veterans, has acquired The Ellis Group, Canada’s largest family-owned folding carton company. The acquisition adds three manufacturing facilities in Ontario to MAX Solutions’ footprint and expands the company’s capabilities across healthcare, consumer and food packaging end markets.

Imperial Dade has closed its acquisition of Veritiv Canada, Inc., renaming the business Imperial Dade Canada, Inc. The deal—Imperial Dade’s 47th acquisition—adds twelve Canadian locations and expands Imperial Dade’s foodservice packaging and janitorial product distribution footprint in Canada; financial terms were not disclosed and Veritiv’s Canadian management remains in place.

Fortis Solutions Group LLC, a portfolio company of funds managed by Harvest Partners, has acquired Profecta Labels Inc., a Saint-Hubert, Quebec-based flexographic and digital label and flexible packaging manufacturer. The deal expands Fortis's product offerings and manufacturing footprint to better serve industrial, pharmaceutical, cosmetics and food & beverage customers across North America.

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, acquired Belle-Pak Packaging, a Markham, Ontario manufacturer of flexible packaging products. The add-on strengthens ProAmpac's presence in Canada and expands its capabilities and customer reach in e-commerce, healthcare and logistics end markets.

Phoenix Partners Fund II has acquired Nita Inc. (Nita Labeling Systems), a Montreal-based manufacturer of advanced labeling systems. The founders/owners (Normand Lord, Luc Harvey and Ken Hubscher) remain shareholders as Phoenix partners with management to accelerate Nita's growth and expand its global presence.

Ardagh Metal Packaging (AMP) has acquired Hart Print, a Quebec-based digital printing services provider for aluminum beverage cans. The acquisition (terms not disclosed) expands AMP's digital short-run printing capabilities to better serve emerging brands and support larger customers' shorter-run and promotional needs.

A group of Quebec investors led by Champlain Financial Corporation has acquired Enjay Converters Ltd., a Cobourg, Ontario manufacturer of food-contact grade packaging. Founder Jay Cassidy and Enjay's management shareholders will remain as shareholders and managers to support the company's next phase of growth; financial terms were not disclosed.

Spectrum Plastics Group has acquired substantially all assets of KCS Plastics LTD., a Langley, British Columbia-based polyethylene packaging and blown-film manufacturer. The acquisition adds blown films capacity and capabilities to Spectrum’s PPC Industries Film Division and expands its geographic reach into Canada while preserving KCS’s food-contact packaging capabilities for food, industrial and medical end markets.

Pacteon, a packaging automation platform backed by GenNx360 Capital Partners, has acquired Phoenix Wrappers, a Laval, Quebec-based manufacturer of semi- and fully-automatic stretch wrapping equipment. The acquisition adds stretch-wrapping technology to Pacteon's portfolio and expands its end-to-end packaging line integration and automation capabilities.

Altamont Capital Partners has acquired Specialized Packaging Group, Inc. (SPG) from founder Paul Gaulin. SPG is a vertically integrated manufacturer of protective and engineered packaging (operating the IVEX and Engineered Packaging divisions) with facilities across the U.S., Canada and Mexico; Gaulin is retiring as CEO but will remain on the board as a minority investor and Altamont plans to pursue growth, footprint expansion and potential add-on acquisitions. Terms were not disclosed; financing was provided by Monroe Capital and Churchill Asset Management.

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, acquired Canadian private packaging manufacturers Rosenbloom Groupe Inc., Hymopack Ltd. and Dyne-A-Pak. The acquisitions expand ProAmpac’s manufacturing capabilities and product offerings for grocery, retail and quick service restaurant customers while enhancing its presence in Canada.

Fulcrum Capital Partners completed a strategic growth investment in Belvika Trade & Packaging, a Mississauga-based contract packaging provider serving confectionery and snack food CPG customers. Belvika will continue to be run by its existing management team and will partner with Fulcrum to accelerate growth and expand its industry-leading position; the investment is Fulcrum's eleventh platform investment from Private Equity Fund V.

Namakor Holdings has acquired B & C Packagings and Film Tech Plastics and will integrate the businesses into its Gelpac packaging platform. The deal adds polyethylene production capacity and R&D capabilities to Gelpac, supporting the company’s growth and ability to serve North American customers.