PE-backed Licaplast buys polyethylene products maker M'Plast
Licaplast Industries Emballages Inc has acquired M'Plast Inc, a Montréal-based manufacturer and converter of polyethylene products. No financial terms were disclosed. Founded in 1988 by Roger Damdjee, M'Plast makes and converts polyethylene film into bags or u-film for use in horticulture, agriculture, industrial and other markets. Licaplast, a Montréal-based producer of flexible plastic packaging, said the acquisition provides additional capabilities that will help it meet the requirements of Canadian and U.S. customers. Licaplast was recapitalized last year by Charter Oak Equity, a U.S. private equity firm, and Fonds de solidarité FTQ, a Canadian development capital firm.
16 September 2019•3 mins read
