Packaging Dynamics Corp., Chicago, acquired Canada-based Groupe De Luxe, a manufacturer of flexible packaging products for foodservice, bakery, supermarket, confectionery, dairy and other specialty applications.
"The acquisition of De Luxe represents an important milestone in the development of Packaging Dynamics," says Roger Prevot, chief executive officer of Packaging Dynamics. "De Luxe will support our continuing growth with the addition of leading positions in new geographies, products and end-markets. The combination provides Packaging Dynamics with a number of strategic benefits, including broader technical and manufacturing capabilities, a number of well-respected brands, an expanded customer base and a more balanced manufacturing platform. We look forward to using these expanded offerings and capabilities to better meet the needs of our customers across our entire flexible packaging business. We are pleased to welcome the management and employees of De Luxe and its general packaging subsidiary to our company."
"After building De Luxe over several decades, it was important to our family to find a partner that could help take De Luxe to the next level of growth and success. We feel that we have found a perfect fit for De Luxe with Packaging Dynamics," says Richard Goulet, president, Groupe De Luxe. "We believe that Packaging Dynamics has the resources and commitment necessary to support the De Luxe growth strategy, which is based on our long-standing philosophy of delivering highly responsive and innovative packaging solutions to our customers. I look forward to our new association with Packaging Dynamics and the growth it will bring to our business."