Packaging Dynamics Corp., Chicago, a flexible packaging and specialty paper manufacturer, is acquiring Montreal-based Groupe De Luxe, a North American manufacturer of flexible packaging products for food service, 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, Packaging Dynamics' CEO. “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."