Transcontinental acquires U.S.-based Multifilm Packaging

Montréal’s TC Transcontinental Printing has acquired Multifilm Packaging Corporation, a flexible packaging supplier located in Elgin, Illinois that employs over 70 people. The company has a solid reputation in 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. Multifilm offers an integrated manufacturing process and distinguishes itself through its expertise in cast film extrusion, metallization and demetallization, as well as aluminum foil printing.

François Olivier.
François Olivier.

“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 offerings 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’re 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. We wish to extend a warm welcome to all of Multifilm’s talented employees who will be joining our team of committed and results-oriented people.” Multifilm Packaging has been owned since 2008 by four owner-managers who will all remain with TC Transcontinental “to ensure business continuity.”

Chris Rogers, President of Multifilm Packaging, added: “We’re truly proud to join TC Transcontinental, a large corporation with a 42-year history and track record of success. We’re inspired by the long-term growth vision and entrepreneurial spirit of its executives, and we’re confident that, together, we will continue to help Multifilm thrive by building on its success, as we have always done. Thanks to our innovative packaging solutions and solid expertise, our company enjoys a unique position in the confectionery market and will undoubtedly reinforce TC Transcontinental Packaging’s presence in this vertical. 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.”

This is TC Transcontinental’s sixth flexible packaging acquisition since entering the industry in 2014. Today, its Packaging Division has close to 1,000 employees and its North American platform comprises seven production plants and one premedia studio. TC Transcontinental is Canada’s largest printer, a key supplier of flexible packaging in North America, and a leader in its specialty media segments.

Comments

Tony Curcio is the editor of Graphic Arts Magazine.