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."