Packaging Solutions Acquires Excel PAC
MONTREAL, Canada—Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets from Vincent Musacchio. The team, assets and know-how of Excel Pac join Jen-Coat and a new greenfield plant and team in Wisconsin to form a Top 20 packaging supplier to the food, dairy and medical markets. Financial terms of the transaction were not disclosed.
Packaging Solutions Holdings now will have the manufacturing footprint and personnel to serve the industry from three plant locations in Canada and the United States with an asset base of 10 laminators and 11 printing presses. Additionally, the R&D team of the new larger entity now has more than 20 people developing next-generation packaging solutions.
Excel Pac is an award-winning flexible packaging manufacturer recognized for its ability to print complex graphics and is known for fast turnaround and on-time delivery.
Excel Pac will be integrated into Packaging Solutions Holdings and together forms a $200+ million packaging company. Packaging Solutions now produces a full suite of flexible packaging products for the food industry that includes adhesive laminated roll stock, extrusion laminated rollstock, and finished pouches. The company has an in-house graphic design process from start-to-finish and in-house metallization and coating processes to achieve precise outcomes. With manufacturing locations in Massachusetts, Wisconsin, and Quebec, the company’s proprietary trade secrets and knowledge in tandem-head extrusion laminating allows it to duplicate the properties of complicated multi-layer film structures in a one-pass lamination operation. The company is currently taking delivery of one of the fastest and highest capability extrusion laminating lines of this type in the world, which is being installed in its new plant in Wisconsin.
Mr. Vincent Musacchio, Excel Pac’s CEO and owner, will be joining the Board of Packaging Solutions Holdings and his entire management team will remain with the company.