Charter Oak, Fonds de solidarité FTQ recap Licaplast Industries

U.S. private equity firm Charter Oak Equity and Fonds de solidarité FTQ have recapitalized Licaplast Industries Emballages Inc, a Montréal-based vertically-integrated producer of flexible plastic packaging. No financial terms were disclosed. Licaplast, established in 1988 and led by CEO Joseph Nawar, develops and manufactures shrink film, laminated roll stock, pouches, and other products for food and beverage customers in Canada and the United States. Charter Oak Managing Partner Paul Roughan said his firm will support the company's add-on acquisition strategy.

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