Canadian Manufacturing

Supremex acquires Impression Paragraph

by CM staff   

Financing Manufacturing Operations Mining & Resources carton packaging Impression Paragraph manufacturer North American Supremex

The transaction enhances folding carton offering to niche markets.

MONTRÉAL — Supremex Inc., a North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced the acquisition of the shares of Impression Paragraph Inc., an integrated provider of paper-based packaging, print and point of sale products for a broad range of commercial markets. The transaction was concluded for a total consideration of approximately $26.6 million, on a cash-free and debt-free basis, subject to customary adjustments, financed through the Company’s existing credit facility.

Founded over 35 years ago, Paragraph operates two facilities located in Ville-Saint-Laurent and Saint-Hyacinthe, Québec. Its offering consists primarily of folding carton packaging and point-of-sale displays for the cosmetic, pharmaceutical, food, confectionary and retail sectors. It also provides an array of commercial, digital and wide-format printing. For the 12-month period ended October 31, 2022, Paragraph generated sales of approximately $38.6 million.

“We are excited with this acquisition and the critical mass it brings to our folding carton operations,” said Stewart Emerson, President and CEO of Supremex. “Paragraph is a well-managed company with sound assets, available capacity, a solid reputation and excellent brand awareness in the Quebec marketplace. Its proven know-how, unique capabilities and strong customer relationships can be leveraged to further expand our reach in the value-added packaging space and will yield important synergies. We are thrilled to welcome Paragraph’s management and 175 employees to the Supremex team.”



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