NOW

Supremex Acquires Impression Paragraph

Montréal, Québec – Supremex Inc. announced the acquisition of the shares of Impression Paragraph Inc. (“Paragraph”), 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 $26.6 million, on a cash-free 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 Saint-Hyacinthe, 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 $38.6 million.

“We are excited with this acquisition and the critical mass it brings to our folding carton operations,” said Stewart Emerson, President and CEO of 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,” concluded Mr. Emerson.

ADVERTISE HERE AND GET RESULTS
More than clicks — SALES! Get started now.
Call 570-618-0584 or click to request rates

LATEST NEWS