Transcontinental acquires Multifilm Packaging
March 7, 2018 by Manufacturing AUTOMATION
Mar. 7, 2018 – Transcontinental Inc. announced today it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, Ill., employing more than 70 people. Focusing on high-end candy and chocolate packaging verticals in North America, the company specializes in piece-wraps and high-barrier laminates for the confectionery, snacks and dry foods markets.
This is TC Transcontinental’s sixth flexible packaging acquisition since entering the industry in 2014. Today, the corporation’s packaging division has close to 1,000 employees and its North American platform comprises seven production plants and one premedia studio. Its most recent packaging acquisition was its November 2017 purchase of Flexipak.
Transcontinental explains Multifilm is built around an integrated manufacturing process and distinguishes itself through expertise in cast film extrusion, metallization and demetallization, as well as aluminum foil printing.
“The acquisition of Multifilm Packaging Corporation is aligned with our growth strategy for the packaging division and presents tremendous opportunities,” said François Olivier, TC Transcontinental president and CEO. “This transaction allows us to enter new high-end confectionery packaging niches and to bolster our offering in this market. Multifilm expands our manufacturing capabilities, namely with aluminum foil printing and demetallization, thereby enabling us to leverage these sought-after processes within our North American packaging platform. We are pleased to acquire such a forward-thinking company, equipped with a state-of-the-art platform and enjoying solid business relationships with its loyal customers, some of whom are internationally renowned.”
Multifilm has been owned since 2008 by four owner-managers who will all remain with TC Transcontinental to ensure business continuity.
“We are truly proud to join TC Transcontinental, a large corporation with a 42-year history and track record of success. We are inspired by the long-term growth vision and entrepreneurial spirit of its executives, and we are confident that, together, we will continue to help Multifilm thrive by building on its success, as we have always done,” said Chris Rogers, president of Multifilm. “We take this opportunity to thank all our employees for their dedication and we look forward to continuing our growth with them as part of the TC Transcontinental team.”