Imperial Dade, a leading distributor of foodservice packaging, printing papers and janitorial supplies, announced the acquisition of Canpaco, Inc., Crystal Poly Converters, Arcadian Paper Converters, Inc., and Canadian Paper & Packaging Co. LTD (together "Canpaco").
Financial terms of the private transaction were not disclosed.
Canadian Paper & Packaging Co. Ltd. (CPP) and Arcadian Paper Converters Inc. established in 1936 and 1960 respectively, owned and operated by Robert Appel, Brian Charney and John Taylor have strived to meet and exceed customer expectations in the Quebec marketplace complementing the shared values of Canpaco.
"Imperial Dade continues to expand its presence across Canada, and we are looking forward to continuing together in our mission to organically grow and provide unmatched customer service throughout North America," said Jason Tillis, CEO of Imperial Dade.
Stephane Lapointe, President of Imperial Dade Canada, added, "I enthusiastically welcome the Canpaco family to Imperial Dade Canada. Now together, we look forward to building upon already established success and continuing to find ways to better serve our customers and vendor partners."
TAPPI
http://www.tappi.org/