Dec 18, 2025 (MarketLine via COMTEX) --
An affiliate of Soteria will buy all issued and outstanding common shares of Imaflex at C$2.35 each.
US-based packaging company Soteria Flexibles has agreed to acquire Canadian flexible packaging producer Imaflex.
The deal values theAMontreal-basedAcompanyaEUR(TM)s equity at C$123mA($89.2m).A
Under theAagreedAterms, an affiliate of Soteria willApurchaseAall issued and outstanding common shares ofAImaflexAatAC$2.35AeachAin cash.AA
Once the transaction is completed,AImaflexAwill be delisted andAoperateAas a privately held company.A
The acquisition is expected to close in the first quarter of 2026.A
The closure is subject to standard conditions, including approval from regulators and shareholders.A
Soteria CEO Brad HerbolsheimerAstated: aEURoeThis transaction is a natural fit for Soteria.AImaflexAbrings deep technicalAexpertise, strong customer relationships and a highly capable team that aligns closely with our culture and strategic priorities. Together, we are building a stronger, more diversified flexible packaging platform with enhanced scale, capabilities and geographic reach.aEURA
ImaflexaEUR(TM)s board of directors has unanimously cleared the deal and recommended that shareholders support it.
ImaflexAexecutiveAchairmanAJoe AbbandonatoAadded:AaEURoeThis transaction positions our business for long-term success byAleveragingAthe resources and scale of the combined entities, creating a stronger growth platform, and opening new opportunities for employees. It has the full support of our board of directors and management team.aEURA
Founded in 1994,AImaflexAproduces polyethylene films and flexible packaging solutions, including barrier and metallised films, for customers in the industrial, agricultural, food and consumer sectors.AA
The company runs manufacturing sites in Canada and the US.A
Soteria, a portfolio company of private equity firm TJC, specialisesAin short-run, custom flexible packaging and high-performance films.A
Its products serve end markets such as food, healthcare, industrial and consumer applications. SoteriaAoperatesAeight manufacturing facilities across North America.A
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COMTEX_471210104/2227/2025-12-18T09:33:46
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