Soteria has agreed to acquire Imaflex for C$123 million, aiming to enhance its portfolio in the flexible packaging industry.

Target Company Overview

Imaflex is a Montreal-based company that specializes in producing polyethylene films and flexible packaging solutions. Founded in 1994, it has established itself as a significant player in the flexible packaging sector, providing innovative products including barrier and metallised films. The company's diverse customer base spans various industries, including agriculture, food, industrial, and consumer sectors. Imaflex operates manufacturing facilities in both Canada and the United States, showcasing its commitment to quality and innovation in packaging.

Industry Overview in Canada

The flexible packaging industry in Canada is experiencing a robust growth trajectory, driven by increasing demand for sustainable and innovative packaging solutions. As consumer preferences shift towards eco-friendly and biodegradable materials, companies in this sector are adapting their operations to meet these new expectations. The market is characterized by a strong emphasis on technological advancements, which enable producers to enhance the functionality and appeal of their products.

Additionally, the rise of e-commerce has further accelerated the need for high-quality flexible packaging, particularly among food and consumer goods manufacturers. This trend has prompted many companies to invest in state-of-the-art production facil