Supremex Inc., Montreal, Que., Canada, a North American manufacturer and marketer of envelopes and a growing provider of packaging and specialty products, this week announced the acquisition of Groupe Deux (G2) Printing Inc. and its related company Pharmaflex Labels Inc, Laval, Que, a manufacturer of premium quality folding carton packaging and labels primarily for the pharmaceutical industry. The transaction was concluded for total cash consideration of $11.25 million on a cash-free and debt-free basis subject to customary adjustments for working capital and other items. 

"With packaging representing close to 30% of our revenues on a pro-forma basis, we are now one step closer to reach our 50/50 diversification objectives, which is critical to our long-term success as the secular decline in the Canadian envelope market continues," said Stewart Emerson, president and CEO of Supremex. 

"The acquisition of G2 and Pharmaflex perfectly complements our previous packaging acquisitions and growing labels business. We can now provide a complete range of packaging solutions to the pharmaceutical industry including related inserts, leaflets, and labels, essentially becoming a one-stop-shop for our growing multinational customer base in the pharmaceutical, cosmetics, and food industries," added Emerson. 

"Over the past 40 years, with the help of a team of dedicated employees, our family has built a leading manufacturer of premium folding cartons renowned for our superior quality and service. We are now delighted to be part of the growing Supremex family. With access to their manufacturing and distribution platform in Canada and the U.S., we expect to expand our reach and continue to grow," said Giancarlo Mirabelli, who assumes the role of director, business development, Folding Carton at Supremex.

G2 is a family-owned fully integrated manufacturer of superior quality folding cartons with annual revenues of approximately $12 million on a past-twelve-month basis, including its related labels business, Pharmaflex. It employs approximately 60 people at two state-of-the-art facilities located in Laval, Que.  Its customers include some of the largest multinational companies operating in the pharmaceutical and cosmetics industries. G2 is known for its in-house pre-press operations and leading-edge manufacturing and printing technology. 

 Supremex operates facilities across seven provinces in Canada and three facilities in the U.S. employing approximately 865 people. Supremex' growing footprint allows it to efficiently manufacture and distribute paper and packaging solutions designed to the specifications of major national and multinational corporations, resellers, government entities, SMEs, and solutions providers. More information is available online.