Transcontinental Inc. today announced that it has acquired Multifilm Packaging Corporation, a flexible packaging supplier located near Chicago in Elgin, Illinois. Employing more than 70 people, Multifilm focuses on the high-end candy and chocolate packaging verticals in North America, and specializes in piece-wraps and high-barrier laminates for the confectionery, snacks and dry foods markets.
Since entering the market in 2014, this is TC Transcontinental’s sixth flexible packaging acquisition, including its previously most recent acquistion of Flexipak in November 2017. Today, the company’s packaging division has close to 1,000 employees and its North American platform comprises seven production plants and one premedia studio.
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, President and CEO of TC Transcontinental. “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.”
Multifilm Packaging Corporation has been owned since 2008 by four owner-managers, who will be joining TC Transcontinental. “We are truly proud to join TC Transcontinental, a large corporation with a 42-year history and track record of success,” said Chris Rogers, President of Multifilm. “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.”
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