Supremex Inc. announced the acquisition of the shares of Impression Paragraph Inc., 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, Canada. 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.
Supremex is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions.
