Transcon Bolsters Growth in Packaging with Acquisition of U.S.-Based Company
MONTREAL — June 30, 2016 — Transcontinental Inc. announced today that it has acquired Robbie Manufacturing, a flexible packaging supplier located in Lenexa, Kan. Robbie Manufacturing specializes in on-site packaging needs for grocery stores, shrink wrap packaging of multipack consumer goods, and packaging solutions for food processors. With more than 175 employees, it generated US$50 million in annual revenues in its most recent fiscal year.
"This acquisition is great news for the ongoing development of our flexible packaging division, an important area of growth for the Corporation," says François Olivier, president and CEO of TC Transcontinental. "The acquisition of Robbie Manufacturing is strategic on two fronts. It allows us to enter into two new packaging niches while also creating opportunities for synergies with our existing facilities nearby. The company shares TC Transcontinental's values and fosters a similar culture, putting their customers at the heart of everything they do. We're pleased to welcome our new employees who will contribute to TC Transcontinental's growth and success."
Irv Robinson, Robbie Manufacturing's co-founder and CEO, also adds, "It's a privilege for Robbie Manufacturing and the entire team to join the ranks of TC Transcontinental, a solid, well-established family-controlled corporation led by seasoned leaders and driven by a vision for the future. TC Transcontinental's vast entrepreneurial experience will undoubtedly help Robbie Manufacturing grow and remain a supplier of choice for its customers. We've worked hard to build our reputation over the years, and we know that TC Transcontinental will continue in this vein while respecting the values that sustain our company."
TC Transcontinental's first strategic acquisition in the flexible packaging sector was Capri Packaging, in 2014. In 2015, the Corporation doubled its revenues in this area by purchasing Ultra Flex Packaging Corp.
About TC Transcontinental
Canada's largest printer with operations in print, flexible packaging, publishing and digital media, TC Transcontinental's mission is to create products and services that allow businesses to attract, reach and retain their target customers.
Respect, teamwork, performance and innovation are strong values held by the Corporation and its employees. The Corporation's commitment to its stakeholders is to pursue its business and philanthropic activities in a responsible manner.
Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has close to 8,000 employees in Canada and the U.S., and revenues of C$2.0 billion in 2015.
Source: Transcontinental Inc.