GELPAC COMPLETES THE STRATEGIC ACQUISITION OF WBC EXTRUSION PRODUCTS, INC.

Mr. Patrick Dussault, managing partner and CEO and Mr. Stéphane Huot, managing partner and COO, announce the strategic acquisition of WBC EXTRUSION PRODUCTS, Inc. by GELPAC.

Mr. Patrick Dussault, managing partner and CEO and Mr. Stéphane Huot, managing partner and COO, announce the strategic acquisition of WBC EXTRUSION PRODUCTS, Inc. by GELPAC, one of the companies of the NAMAKOR portfolio. WBC is an American specialty manufacturer of single-use blown polymer films for the food, industrial, automotive, medical and commercial packaging industries.

The WBC plant located in Haverhill, Massachusetts, is particularly recognized for the quality of its products. The fit with GELPAC’s other poly plants located in Farnham, QC, and Brampton, ON, is natural as each unit is a strong performer in the industry and enjoys a well-deserved reputation ~ underlines Mr. Dussault.

With this acquisition, we will strengthen our competitive position in North-America. By combining the strengths of the three plants and by integrating our respective R & D initiatives, on-going innovations to the manufacturing process and procurement strategies, we will offer the best performing poly solutions in the market ~ underlines Mr. Alain Robillard, CEO of GELPAC.

For this acquisition, GELPAC relied on financing and strategic support not only from NAMAKOR, but also from institutional investors, including CDPQ and le Fonds Manufacturier Québécois ~ concludes Mr. Huot.