Supremex Inc. has confirmed it has completed the acquisition of Impression Paragraph Inc., an integrated provider of paper-based packaging, print and point of sale products for a broad range of commercial markets.
The transaction was concluded for a total consideration of approximately $26.6m, on a cashfree and debt-free basis, subject to customary adjustments, financed through the company’s existing credit facility.
Founded more than 35 years ago, Paragraph operates two facilities located in Ville-Saint-Laurent and SaintHyacinthe, Québec. Its offering consists primarily of folding carton packaging and point-of-sale displays for the cosmetic, pharmaceutical, food, confectionary and retail sectors. It also provides an array of commercial, digital and wide-format printing. For the 12-month period ended October 31, 2022, Paragraph generated sales of approximately $38.6m.
“We are excited with this acquisition and the critical mass it brings to our folding carton operations,” said Stewart Emerson, President and CEO, Supremex. “Paragraph is a well-managed company with sound assets, available capacity, a solid reputation and excellent brand awareness in the Quebec marketplace. Its proven know-how, unique capabilities and strong customer relationships can be leveraged to further expand our reach in the value-added packaging space and will yield important synergies. We are thrilled to welcome Paragraph’s management and 175 employees to the Supremex team.”