Transcontinental completes the acquisition of Ultra Flex Packaging Corp.
October 1, 2015
by Canadian Packaging staff
MONTREAL—On October 1, 2015, Transcontinental Inc. announced it has completed the acquisition of Ultra Flex Packaging Corp., a supplier of flexible packaging located in Brooklyn, NY.
Ultra Flex Packaging employs close to 300 people and generated US$72 million in annual revenues in its last fiscal year. The transaction, originally announced on September 1, 2015, was subject to regulatory approval in the U.S.
“We are very pleased to welcome the Ultra Flex Packaging team into the TC Transcontinental family today,” says TC Transcontinental president and chief executive officer François Olivier. “This solid business joins our packaging division— which already comprises Capri Packaging, acquired in 2014—and is part of our strategy to ensure our future growth path through diversification.”
Canada’s largest printer, with operations in print and digital media, flexible packaging and publishing, TC Transcontinental’s mission is to create products and services that allow businesses to attract, reach and retain their target customers.
Transcontinental Inc.—known as TC Transcontinental—has over 8,000 employees in Canada and the U.S. with revenues of CDN$2.1-billion in 2014. Company information can be found at www.tc.tc.