GELPAC announces the acquisition of Standard Multiwall Bag Mfg. Co.
by CM Staff
The Standard bag plants located in Beaverton, Oregon, and Lubbock, Texas, are reportedly recognized for their speed, flexibility and expertise in delivering high quality products.
MONTREAL — GELPAC, a North American manufacturer of packaging solutions announces the strategic acquisition of STANDARD BAG – Standard Multiwall Bag Mfg. Co. – a specialty manufacturer of industrial and food grade multiwall and wovenpoly laminated bags essential to the efficient handling of raw materials and finished products by major players in the agrifood, pharmaceutical, and industrial markets.
The Standard bag plants located in Beaverton, Oregon, and Lubbock, Texas, are reportedly recognized for their speed, flexibility and expertise in delivering high quality products that meet the exact specifications of each client. The fit with GELPAC’s comprehensive network of bag and poly plants located in Marieville and Farnham, Quebec, Brampton, Ontario, and Haverhill, Massachusetts, is a good fit for GELPAC, as they say each unit is a strong performer in the industry and enjoys a well-deserved reputation.
“The acquisition of efficient western and south-western production plants further strengthens our competitive position in North America. By combining the strengths of each of our plants, by integrating our respective R & D initiatives, on-going innovations to the manufacturing processes and procurement strategies, as well as extending our geographical reach, we will offer the best performing packaging solutions in the market,” underlines Mr. Alain Robillard, CEO of GELPAC.
For this 3rd GELPAC acquisition, NAMAKOR Holdings provided the strategic support and managed the negotiations leading to the financing by CDPQ, W Investments, and a banking syndicate led by National Bank of Canada, a long-standing GELPAC partner.
