Altium Packaging Canada, an affiliate of Consolidated Container Co (CCC), has acquired Plastique Micron Inc (PMI), a Sainte-Claire, Québec-based manufacturer of plastic containers.
No financial terms were disclosed.
Established in 1970 by Jean-Guy Roy and Victor Fortier, PMI and its subsidiaries serve global customers in the pharmaceuticals, nutraceuticals, healthcare, food, industrial chemicals and cosmetics industries.
CCC, an Atlanta, Georgia-based maker of rigid plastic packaging solutions, said the deal expands its portfolio and footprint in Canada.
Investissement Québec and Fonds de solidarité FTQ acquired a majority stake in PMI in 2016.
Altium Packaging Canada to Acquire Plastique Micron, a Leading Specialty Packaging Manufacturer
March 26, 2019
ATLANTA–(BUSINESS WIRE)–Altium Packaging Canada, a subsidiary of Consolidated Container Company (CCC), today announced that it has acquired Plastique Micron (PMI) and its affiliates, IMBC Blowmolding 2014 and Action Plastic Products, a leading specialty packaging manufacturer.
Plastique Micron is one of the largest manufacturers of plastic containers in eastern Canada. PMI has three plants strategically located in Quebec and Ontario, (Anjou, Orangeville and Sainte-Claire, Bellechasse in Québec). The company’s operations include more than 200 employees that provide quality products and services to PMI’s domestic and multinational customers across the pharmaceutical, nutraceuticals, healthcare, food, industrial chemical, and cosmetics industries. All three locations will be integrated with the existing Altium Packaging Canada plants to strengthen CCC’s Canadian product offering and manufacturing platform.
CCC has invested in Canada over the past year and continues to seek opportunities to grow Altium Packaging across the country. Sean Fallmann, President and CEO of CCC, stated, “This acquisition is the next step in executing our vision of becoming a differentiated packaging solutions provider. The acquisition of PMI allows us to further broaden our portfolio in the specialized pharmaceutical, health and nutraceuticals markets while expanding our footprint in Canada. We are excited to have the team at PMI join our Altium Packaging team in Canada.”
“The shareholders and management of PMI welcome and support the partnership with Consolidated Container Company as it comes at the perfect time and will result in a new phase of expansion for Plastique Micron,” stated Bernard Poitras, CEO of PMI. “CCC believes fully in the value that PMI provides our customers and will continue to invest in the people and operations at the PMI plants to ensure the long-term competitiveness and viability of the business.”
About Consolidated Container Company
CCC is a leading developer and manufacturer of rigid plastic packaging solutions in North America. CCC specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segments. CCC also operates a leading post-consumer resin business, Envision Plastics. With 60 rigid plastic packaging manufacturing facilities, two recycled resins manufacturing facilities, and 2,600 employees, CCC has an integrated network that consistently delivers reliable and cost-effective packaging and recycled resin solutions to meet the needs of a wide range of customers. From its state-of-the art Studio PKG™, to the recycling technologies of Envision Plastics, to its experienced manufacturing teams across its network, CCC delivers high performance, cost-effective solutions to meet even the most challenging applications. For more information, please visit www.cccllc.com.
Richard Sehring, Chief Financial Officer
Consolidated Container Company