Cyklop International Acquires Canada-Based Polaris Systems Inc.
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Cyklop International is excited to announce the acquisition of Polaris Systems Inc. in Ontario, Canada. Polaris Systems has been providing a wide range of packaging solutions for over 35 years, making them one of the top Canadian packaging companies.
“One of our main objectives was to re-establish a strong presence in the United States and Canada. These territories had been discontinued during a past crisis period. Today, we are proud to announce not only our return, but also our return with solid structures and well-organised operations,” said Roberto Salemme, Cyklop CEO.
André van Es, CFO of Cyklop said, “As Cyklop continues to grow organically, we also continue to look for opportunities through acquisition. With our acquisition of InkJet, Inc. in the U.S. last year, it was logical to look to Canada for the next opportunity,” van Es continued, “Polaris Systems is the perfect fit with the Cyklop family because they have a long history, innovative people and great relationships with their customers. That is in alignment with our focus and values.”
