Deal Snapshot
Gelpac Acquires Standard Multiwall Bag Mfg to Increase Packaging Solutions
Friday 19 May 2023

Canada-based packaging solutions provider GELPAC has acquired US-based laminated bags manufacturer Standard Multiwall Bag Mfg. Co., to increase solutions in packaging industry, the company said.

For this 3rd GELPAC acquisition, NAMAKOR Holdings provided the strategic support and managed the negotiations leading to the financing by CDPQ, W Investments, and a banking syndicate led by National Bank of Canada, a long-standing GELPAC partner. Additional terms were not disclosed.

Date Published: 19/05/2023