TC Transcontinental Inc. of Montreal continues its growth in packaging with a third acquisition, Robbie Manufacturing, a flexible packaging supplier located in Lenexa, Kansas. Transcontinental’s first strategic acquisition in the flexible packaging sector was Capri Packaging in 2014. In 2015, the company doubled its revenues in this area by purchasing Ultra Flex Packaging Corp.
Newly purchased Robbie Manufacturing specializes in on-site packaging needs for grocery stores, shrink wrap packaging of multipack consumer goods, and packaging solutions for food processors. With more than 175 employees, the generated US$50 million in annual revenues in its most recent fiscal year.
“This acquisition is great news for the ongoing development of our flexible packaging division, an important area of growth for the corporation," said François Olivier, President and CEO of TC Transcontinental. "The acquisition of Robbie Manufacturing is strategic on two fronts. It allows us to enter into two new packaging niches while also creating opportunities for synergies with our existing facilities nearby.”
Robbie Manufacturing was founded in 1970 by Bernard Robinson and his son Irv, and had just six employees focusing on perforated film to wrap produce.
“It's a privilege for Robbie Manufacturing and the entire team to join the ranks of TC Transcontinental, a solid, well-established family-controlled corporation led by seasoned leaders and driven by a vision for the future," said Irv Robinson, CEO of Robbie Manufacturing.
TC Transcontinental has close to 8,000 employees in Canada and the United States, and generated revenues of $2.0 billion in 2015.
Transcontinental Acquires Robbie Manufacturing
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