Packaging solutions provider TC Transcontinental Inc. has acquired Multifilm Packaging Corp., a flexible packaging supplier that specializes in piece-wraps and high-barrier laminates for the confectionery, snack and dry foods markets.
With Multifilm’s integrated manufacturing process and a focus on cast film extrusion, metallization and demetallization, as well as aluminum foil printing, the acquisition allows TC Transcontinental to enter new high-end confectionery packaging niches and increase its offerings in the market.
“The acquisition of Multifilm Packaging Corp. is aligned with our growth strategy for the packaging division and presents tremendous opportunities,” said Francois Olivier, president and CEO of Clinton, Mo.-based TC Transcontinental, in a statement. “Multifilm expands our manufacturing capabilities, namely with aluminum foil printing and demetallization, thereby enabling us to leverage these sought-after processes within our North American packaging platform.”
The four owner-managers who have owned Multifilm since 2008 will remain with TC Transcontinental to ensure business continuity.
“We are truly proud to join TC Transcontinental, a large corporation with a 42-year history and track record of success,” said Chris Rogers, president of Elgin, Ill.-based Multifilm, in a statement. “Thanks to our innovative packaging solutions and solid expertise, our company enjoys a unique position in the confectionery market and will undoubtedly reinforce TC Transcontinental Packaging’s presence in this vertical.”
The deal marks TC Transcontinental’s sixth flexible packaging acquisition since entering the industry in 2014. Today, the company’s packaging division has close to 1,000 employees, and its North American platform comprises seven production plants and one premedia studio.