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22 November 2017
Seydaco Packaging sold to Graphic Packaging
MISSISAUGA—
Graphic Packaging president and CEO Michael Doss said: ‘ our strategy to pursue acquisitions that allow us to grow our folding carton volume in attractive geographies and end-markets and improve our cost position.’Graphic Packaging has plants in Winnipeg, Mississauga and Cobourg Ontario . They were listed as Canada's sixth largest printer and have almost 700 employees in Canada.The company was formally Cascades, Normpac Boxboard .
Graphic Packaging has agreed to acquire the assets of Seydaco Packaging and its affiliates, National Carton and Coating and Groupe Ecco Boites Pliantes.Seydaco is a folding carton producer in Canada focused on the foodservice, food, personal care and household goods markets. Seydaco operates three converting plants located in Mississauga, Ontario, Saint-Hyacinthe, Québec and Xenia, Ohio.
The deal is expected to close in the fourth quarter of 2017.
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