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Quebec flexible packaging firm Gelpac gets new owners

PKBR Staff Writer Published 29 August 2017

NAMAKOR, Caisse de dépôt et placement du Québec and the Québec Manufacturing Fund have jointly acquired Canada-based packaging firm Gelpac for an undisclosed sum.

Gelpac, founded in 1956 and headquartered in Quebec, serves the food, agriculture, construction, retail and pharmaceutical industries across North America.

The firm has a workforce of over 200 in its three facilities and produces and distributes paper, plastic and polyethylene based packaging solutions.

The three companies which jointly purchased Gelpac also appointed Alain Robillard as the head of the acquired firm, to support the business growth.

NAMAKOR president and senior partner Patrick Dussault said: “It is with determination and a humble appreciation of the work accomplished by the founders of Gelpac – who believed in their vision and spared no effort to grow their business – that the partners of NAMAKOR are putting their financial and operational talent to the task of ensuring the continuation of this company, a major milestone in its history.”

Caisse Québec executive vice president Christian Dubé said: “Gelpac is among those manufacturing companies that has put innovation forward to improve its performance. In addition to investing in a company with solid roots and a promising future, this transaction reflects our desire to play an active role in supporting the succession of Québec companies.”

Québec Manufacturing Fund partner Mario Tougas said: “Beyond investment, we share our operational expertise in manufacturing the best business practices with Gelpac. In this way, we will be sure to provide the proper support to the existing team and the new leadership.”

Gelpac new president and general manager Alain Robillard said: “With its state-of-the-art plants, seasoned management team and highly qualified employees, Gelpac is well positioned to accelerate its growth and ultimately conquer new markets.”