Transcontinental buys Stern Partners-backed Flexstar Packaging
Transcontinental Inc (TSX: TCL.A, TCL.B) has acquired all of the shares of Flexstar Packaging Inc, a Vancouver-based flexible packaging supplier. No financial terms were released. Flexstar is a maker of custom-printed, laminated, flexible roll-stock and specialty films for the consumer and industrial markets. Montréal-based Transcontinental, a publishing, media and marketing business, said the acquisition extends its footprint to Canada's West Coast and introduces new manufacturing capabilities. Flexstar was sold by Canadian private equity firm Stern Partners, which led the company's acquisition in 2005.
17 October 2016•3 mins read
