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.