CANADA – Dallas Plastics, a portfolio company of private equity firm Sole Source Capital, has acquired Canadian packaging company Emballage MPP for an undisclosed sum.
Based in Montreal, Quebec, MPP manufactures a diversified range of polyethylene-based blown film products, selling primarily to defensive end markets including medical, food packaging, and logistics.
MPP’s location gives Dallas Plastics a foothold in Canada, significantly expanding the company’s addressable geographic market.
The increased scale and geography enhance Dallas Plastics’ customer base and strengthens its leadership position in the production and distribution of high-performance specialty films used in flexible packaging.
“We are excited to welcome MPP to the Dallas Plastics portfolio. With a focus on food packaging products and exposure to the Canadian market, we believe MPP makes a great addition to our growing company,” said Kevin Pierce, CEO of Dallas Plastics.
“We look forward to continuing to provide MPP’s customers with the excellent customer service and quality that they’ve come to expect from Angelo Orlando and his team.”
Commenting on the deal, Angelo Orlando, founder of MPP said: “We look forward to partnering with Dallas Plastics.
“We have no doubt that MPP will be an excellent foothold into Canada for Dallas Plastics. MPP stands to benefit from Dallas Plastics’ scale, connectivity with resin suppliers, and operational expertise.”
This acquisition gives Dallas plastic a foot in the plastic market in Canada that is forecasted to reach US$31.9 billion by 2027, after growing at a CAGR of 3.3% during 2022-2027.
This comes at a time when plastic waste reduction and various recycling programs have become a priority around the globe for both developed and developing nations.
As a result, governments in Canada are introducing policies and regulations to regulate the production of waste, promote the reuse and recycling of plastic waste, and encourage the comprehensive disposal of waste.
In order to encourage efficient waste management, governments also implement landfill taxes, waste disposal taxes, recycling credit programs, deposit rebate systems, etc.
It is expected that these steps by governments in different states will further promote the growth of the plastics industry.
In addition, the government of Ontario is taking action to reduce plastic pollution in the Great lakes.
They are innovating new technologies such as nanotechnology, genetic modification and advanced chemical processes to help reduce plastic pollution by developing natural substitutes and producing more biodegradable plastics.
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