MontClerc Capital invests in Polykar to advance sustainable packaging

USA – MontClerc Capital has acquired a minority stake in Polykar, a leading Canadian manufacturer of sustainable flexible packaging, in a move set to enhance production and spur innovation. 

The investment aims to fuel Polykar’s expansion across North America, responding to growing demand for eco-friendly packaging solutions.

According to Polykar, the financial support will strengthen its manufacturing capabilities and accelerate the development of innovative, environmentally responsible products. 

The Saint-Laurent, Quebec-based company specializes in polyethylene (PE) films for converters, alongside food and industrial packaging, including recycled waste bags and certified compostable bags and films that meet ASTM D6400 standards. 

In addition, this investment will enable Polykar to scale up its operations and introduce new sustainable packaging options to meet market needs.

“Over the past 35 years, we’ve built a resilient company grounded in innovation and operational excellence,” Polykar President and CEO Amir Karim said in a joint statement.

“With MontClerc Capital’s support, we’re poised to invest in cutting-edge manufacturing technologies and play a key role in shaping the future of our industry.”

MontClerc Capital, a Quebec-focused private investment fund, brings operational expertise and a long-term commitment to fostering growth in regional companies. 

Martin Garand, a partner at MontClerc Capital, added: “Polykar aligns with our investment philosophy, thanks to its strong leadership, high-quality products, and robust governance. Our capital and strategic expertise will solidify its foundation and drive its growth trajectory.”

This comes shortly after Polykar launched its PolyVie initiative in April 2025, affirming its ongoing commitment to sustainability.

The collaborative recycling program in Saint-Laurent has achieved a 96% recycling rate, diverting thousands of pounds of plastic waste from landfills by repurposing it into new products. Partners like Moneris and EssilorLuxottica have joined the effort. 

“PolyVie demonstrates the power of local collaboration in transforming plastic waste into opportunity,” Karim noted, emphasizing the program’s role in setting a new standard for sustainable practices.

Founded in 1987, Polykar has grown from a family business into a North American leader in sustainable packaging, holding ISO 9001:2015 and ISO 14001:2015 certifications. 

The company’s Edmonton facility, opened in December 2022 with a US$32 million investment, has added 30 million pounds of production capacity, further strengthening its market position. 

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