Supremex has acquired Toronto-based packaging manufacturer Goldrich Printpak for approximately $34 million.

The transaction, completed on a cash-free and debt-free basis and subject to customary adjustments, was financed through Supremex’s existing credit facility. Founded in 1953, Goldrich employs about 90 people and operates a 68,000-square-foot manufacturing facility in Toronto. The company specializes in folding carton packaging for the food, pharmaceutical and cosmetics sectors and generated approximately $30 million in sales in its most recent fiscal year.

“The acquisition of Goldrich is a defining moment in Supremex’s transformation into a diversified North American leader in paper-based packaging and marks a cornerstone in the execution of our growth strategy,” said Stewart Emerson, president and CEO of Supremex. “It establishes Supremex’s first major folding carton platform in the Greater Toronto Area, Canada’s largest packaging market, and materially accelerates the diversification of our revenue base toward higher-growth, higher-value end markets. Goldrich brings to Supremex a well-invested manufacturing footprint, a highly skilled and dedicated workforce, and a strong portfolio of long-standing customer relationships, significantly enhancing our scale, capabilities, and competitive positioning in folding carton.”

Emerson said the acquisition strengthens the company’s presence in Canada’s largest packaging market and provides a platform for additional acquisitions.

“Beyond the immediate strategic and financial merits of this transaction, Goldrich provides a strategically located base from which to pursue a robust pipeline of additional tuck-in acquisitions in the years ahead,” he said. “We expect the acquisition to be a powerful driver of long-term value creation for shareholders, accelerating top-line growth, supporting continued EBITDA margin expansion as volumes scale and synergies are realized, and enhancing our ability to serve the evolving needs of national and multinational packaging customers across North America. We are excited to welcome the Goldrich team to the Supremex family and look forward to building, together, the leading folding carton platform in Canada.”

LaSalle, Que.-based Supremex is a provider of paper-based packaging solutions and a North American manufacturer and marketer of envelopes. The company operates 10 manufacturing facilities across four Canadian provinces and four manufacturing facilities in three U.S. states, employing approximately 1,000 people.

Photo: Goldrich

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