PaperWorks Industries to Acquire CanAmPac
June 8, 2015 - PaperWorks Industries announced on June 5 that it has agreed to acquire CanAmPac (Napanee, Ontario, Canada). The acquisition includes coated recycled board (CRB) producer Strathcona Paper, folding carton manufacturer Boehmer Box and LYFT Visual graphic services.
Terms of the deal were not disclosed.
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," Kwilinski added.
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 than 100 years. 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.
PaperWorks Industries, Inc. is an integrated, full-service packaging provider. Its Paperboard Group manufactures approximately 300,000 tons per year of 100% recycled paperboard. To learn more, please visit: www.paperworksindustries.com.
SOURCE: PaperWorks Industries, Inc.