PaperWorks Industries Inc has agreed to purchase CanAmPac ULC, a paperboard and consumer packaging manufacturer based in Napanee, Ontario, for an undisclosed price. The transaction is expected to be completed in July. PaperWorks, a paperboard packaging supplier with headquarters in Philadelphia, Pennsylvania, has been backed by U.S. private equity firm Sun Capital Partners since September 2008. The company is acquiring CanAmPac from Atlas Holdings LLC, a U.S. group of manufacturing, distribution, service and trading businesses.
PaperWorks to Acquire CanAmPac
Bala Cynwyd, Pa. (June 5, 2015) —PaperWorks Industries, Inc., a leading North American paperboard packaging supplier, has agreed to acquire CanAmPac, Napanee, Ont., Canada. The acquisition includes coated recycled board (CRB) producer Strathcona Paper, folding carton manufacturer Boehmer Box and LYFT Visual graphic services.
Strathcona Paper is the largest producer of CRB in Canada. The company produces high-quality, clay-coated paperboard rolls and sheets in medium- to heavy-weight calipers. Boehmer Box is known for its high-quality offset-litho printed folding cartons for North American food packaging applications.
“CanAmPac is a leading Canadian integrated paperboard and consumer packaging supplier. Its quality-oriented manufacturing and converting capabilities, coupled with a complementary customer base, make it an ideal addition to the PaperWorks portfolio,” said Kevin Kwilinski, president and chief executive officer, PaperWorks. “We look forward to providing an expanded packaging supply source for North American board and carton customers.”
The acquisition is expected to be finalized in July, and is subject to approval by the Canadian Competition Bureau.
CanAmPac has been a technology and innovation leader in the printing and packaging industry for more than100 years. The company’s products and services are used for some of the most recognizable national and private label brands in North America. CanAmPac’s three divisions, Boehmer Box, LYFT Visual and Strathcona Paper collectively provide the North American marketplace an integrated approach for graphic, packaging and marketing material needs.
About PaperWorks Industries, Inc.
Founded in 2008, PaperWorks Industries, Inc. (PWI) is a leading, integrated North American full-service packaging provider committed to the highest standards in sustainable forestry and procurement. The company’s product certifications include the Forest Stewardship Council, Sustainable Forestry Initiative and the Programme for the Endorsement of Forestry Certification. PWI is considered a leading innovator in specialized folding cartons, manufacturing approximately 300,000 tons of 100% recycled paperboard annually for a variety of end uses. Its 17 North American locations employ 1,450 workers. For more information: www.paperwrks.com.
Source: PaperWorks Industries Inc.
Photo courtesy of PaperWorks Industries Inc