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USA – Canadian packaging solutions provider Gelpac has announced the strategic acquisition of Standard Multiwall Bag (Standard Bag), a family-owned company headquartered in Beaverton, Oregon, US.
Standard Bag manufactures industrial and food-grade bags for efficient handling of raw materials and finished products by agrifood, pharmaceutical, and industrial companies.
The company has plants in Beaverton, Oregon, and Lubbock, Texas. The facilities offer speed, flexibility and expertise in delivering products per each customer’s exact specifications.
Gelpac CEO Alain Robillard said: “The acquisition of efficient western and south-western production plants further strengthens our competitive position in North America.
“By combining the strengths of each of our plants, by integrating our respective R & D initiatives, ongoing innovations to the manufacturing processes and procurement strategies, as well as extending our geographical reach, we will offer the best-performing packaging solutions in the market.”
The laminated bag maker will fit naturally with Gelpac’s network of bags and poly plants in Haverhill, Massachusetts, Brampton, Ontario, and Marieville, Quebec.
The packaging firm said the deal is the third GELPAC acquisition, which was supported by Namakor, financing by CDPQ, W Investments, and a banking syndicate led by the National Bank of Canada.
Robillard added: “Standard Bag is a 2nd generation family business. Having grown from a family operation, Gelpac has always remained true to its core values of treating each client and team member with integrity and respect.
“The orderly transfer of ownership and the smooth integration of the Standard Bag team will ensure the continuity of operations.
“The addition of this complementary production capacity to our comprehensive products portfolio will allow us to provide our North American clients with even greater value.”
Gelpac supplies packaging solutions to the North American agrifood, pharmaceutical, chemical and construction sectors.
The deal is the third GELPAC acquisition, which was supported by Namakor, financing by CDPQ, W Investments, and a banking syndicate led by the National Bank of Canada.
In 2019, the company acquired WBC EXTRUSION PRODUCTS, Inc., an American specialty manufacturer of single-use blown polymer films for the food, industrial, automotive, medical and commercial packaging industries.
The WBC plant located in Haverhill, Massachusetts, is particularly recognized for the quality of its products.
The fit with GELPAC’s other poly plants located in Farnham, QC, and Brampton, ON, is natural as each unit is a strong performer in the industry and enjoys a well-deserved reputation.
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