Transcontinental Inc. acquires Multifilm Packaging Corporation
By Canadian Packaging staff
General Flexibles flexible packaging supplier company acquisition Multifilm Packaging Corporation TC Continental Transcontinental Inc.Multifilm is a leader in high-end confectionery packaging in North America.
MONTREAL—Transcontinental Inc. (aka TC Continental) has announced it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, Ill., near Chicago.
The company, which employs over 70 people, enjoys a solid reputation in the high-end candy and chocolate packaging verticals in North America, and specializes in piece-wraps and high-barrier laminates for the confectionery, snacks and dry foods markets. Multifilm offers an integrated manufacturing process and distinguishes itself through its expertise in cast film extrusion, metallization and demetallization, as well as aluminum foil printing.
“The acquisition of Multifilm Packaging Corporation is aligned with our growth strategy for the packaging division and presents tremendous opportunities,” says TC Transcontinental. president and chief executive officer François Olivier. “This transaction allows us to enter new high-end confectionery packaging niches and to bolster our offering in this market. Multifilm expands our manufacturing capabilities, namely with aluminum foil printing and demetallization, thereby enabling us to leverage these sought-after processes within our North American packaging platform. We are pleased to acquire such a forward-thinking company, equipped with a state-of-the-art platform and enjoying solid business relationships with its loyal customers, some of whom are internationally renowned. We wish to extend a warm welcome to all of Multifilm’s talented employees who will be joining our team of committed and results-oriented people.”
Multifilm Packaging Corporation has been owned since 2008 by four owner-managers who will all remain with TC Transcontinental to ensure business continuity.
Multifilm Packaging Corporation president Chris Rogers adds: “We are truly proud to join TC Transcontinental, a large corporation with a 42-year history and track record of success. We are inspired by the long-term growth vision and entrepreneurial spirit of its executives, and we are confident that, together, we will continue to help Multifilm thrive by building on its success, as we have always done. Thanks to our innovative packaging solutions and solid expertise, our company enjoys a unique position in the confectionery market and will undoubtedly reinforce TC Transcontinental Packaging’s presence in this vertical. We take this opportunity to thank all our employees for their dedication and we look forward to continuing our growth with them as part of the TC Transcontinental team.”
This is TC Transcontinental’s sixth flexible packaging acquisition since entering the industry in 2014. Today, the corporation’s packaging division has close to 1,000 employees and its North American platform comprises seven production plants and one premedia studio.
About TC Transcontinental
TC Transcontinental is Canada’s largest printer and a key supplier of flexible packaging in North America. The corporation is also a leader in its specialty media segments. TC Transcontinental’s mission is to create products and services that allow businesses to attract, reach and retain their target customers. Respect, teamwork, performance and innovation are strong values held by the corporation and its employees. The corporation’s commitment to its stakeholders is to pursue its business activities in a responsible manner. Transcontinental Inc., known as TC Transcontinental, has close to 6,500 employees in Canada and the U.S., generating revenues of CDN $2- billion in 2017. Company information available at www.tc.tc.
Image at top purchased via www.fotolia.com.
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