Standard Bag manufactures industrial and food-grade bags for efficient handling of raw materials and finished products by companies in the agrifood, pharmaceutical, and industrial sectors
GELPAC acquires Standard Multiwall Bag. (Credit: Brando Makes Branding on Unsplash)
Canada-based packaging solutions provider Gelpac has acquired Standard Bag – Standard Multiwall Bag, a speciality producer of multiwall and wovenpoly laminated bags.
Standard Bag manufactures industrial and food-grade bags for efficient handling of raw materials and finished products by companies in the agrifood, pharmaceutical, and industrial sectors.
The company has plants in Beaverton, Oregon, and Lubbock, Texas. The facilities offer speed, flexibility and expertise in delivering products as per the exact specifications of each customer.
Gelpac CEO Alain Robillard said: “The acquisition of efficient western and south-western production plants further strengthens our competitive position in North America.
“By combining the strengths of each of our plants, by integrating our respective R & D initiatives, ongoing innovations to the manufacturing processes and procurement strategies, as well as extending our geographical reach, we will offer the best-performing packaging solutions in the market.”
The laminated bag maker will fit naturally with Gelpac’s network of bags and poly plants in Haverhill, Massachusetts, Brampton, Ontario, and Marieville, Quebec.
The packaging firm said the deal is the third GELPAC acquisition, which was supported by Namakor, financing by CDPQ, W Investments, and a banking syndicate led by the National Bank of Canada.
Robillard added: “Standard Bag is a 2nd generation family business. Having itself grown from a family operation, Gelpac has always remained true to its core values of treating each client and team member with integrity and respect.
“The orderly transfer of ownership and the smooth integration of the Standard Bag team will ensure the continuity of operations.
“The addition of this complementary production capacity to our comprehensive products portfolio will allow us to provide our North American clients with even greater value.”
Gelpac supplies packaging solutions to the North American agrifood, pharmaceutical, chemical and construction sectors.