CANADA – Packaging optimization firm Cartier Packaging has completed the acquisition of Complete Packaging Systems, a supply chain company based in Ontario.
Founded in 2003, Complete Packaging Systems optimizes and secures transport packages, primarily serving the railway industry.
The company provides ‘high-quality’ cargo securement products, including CYCLONE Air Bags and new Hanger Bags, to companies across North America.
The deal, the first acquisition for the St-Cesaire-based CARTIER, strengthens the company’s expertise in eco-friendly and efficient packaging. It will help to establish itself in the industrial packaging market in Eastern Canada and the US.
Cartier Packaging president David Cartier said: “This acquisition is fully aligned with our vision to be a leader in environmentally responsible packaging solutions in Eastern Canada for manufacturing industries and distribution centers that wish to optimize their secondary and tertiary packaging.
“It was essential for us to find a partner who shares similar values to ours, both towards its employees and its customers.
“Like us, Complete Packaging Systems focuses on the customer experience and optimized packaging, in addition to having a strong differentiation strategy, which is crucial to remain competitive in our industry.”
Following the acquisition, Complete Packaging Systems will retain its current brand image and become a division of Cartier Packaging.
The company expects to secure its market share and advance its growth through this acquisition. The financial terms of the deal have not been disclosed.
Complete Packaging Systems president Darren Burden added: “We are delighted to be joining forces with such a reputable and strong player as CARTIER, which will allow us to diversify our service offering and expand our expertise in the industrial packaging sector into other markets.
“This transaction will not only allow us to secure our market share but also to continue our growth.”
Founded in 1980 in Saint-Cesaire, CARTIER’s packaging optimization activities are carried out in four complementary fields of expertise: its ISTA-certified testing laboratory, its packaging equipment offering, its specialized technical service and its product lines.
CARTIER’s integrated approach improves the productivity, profitability, and competitiveness of businesses in Quebec and Eastern North America.
For all the latest packaging and printing industry news from Africa and the World, subscribe to our NEWSLETTER, follow us on Twitter and LinkedIn, like us on Facebook, and subscribe to our YouTube channel.
Be the first to leave a comment