Graphic Packaging to acquire Seydaco Packaging

By Jenny Eagle contact

- Last updated on GMT

Seydaco prodcues bakery and confectionery carton boxes. Pic: Seydaco.
Seydaco prodcues bakery and confectionery carton boxes. Pic: Seydaco.

Related tags: Graphic packaging international, Value added

Graphic Packaging International and Graphic Packaging International Canada have agreed to acquire Seydaco Packaging Corp and its affiliates National Carton and Coating Co., and Groupe Ecco Boites Pliantes Ltée.

Seydaco is a folding carton producer in Canada covering the bakery, confectionery and foodservice markets. It has three plants: in Mississauga, Ontario; St.-Hyacinthe, Québec; and Xenia, Ohio, and the deal is expected to close in Q4 2017.

Michael Doss, president/CEO, Graphic Packaging International, said the transaction is in line with its strategy to pursue acquisitions that grow its folding carton volume in attractive geographies and end-markets.

In turn, this will improve its cost position and increase its mill to converting plant integration levels.

Seydaco generated revenues of approximately $40m and low double digit EBITDA margins on an LTM basis.

"We are delighted to join Graphic Packaging. Our employees and customers will benefit from this transaction,​” said David Seychell, president, Seydaco.

Our history of providing high-quality, value added packaging and speed to market combined with their strong, global position will bring added value to the paperboard packaging marketplace​."

Related news

Related products

show more

Accelerate your supply chain as pressures intensify

Accelerate your supply chain as pressures intensify

William Reed | 19-Sep-2018 | Technical / White Paper

Food, Drink and Non-Food manufacturers are under pressure. Range reviews, massive retail mergers, the backlash against plastic packaging and the ongoing...

A microwaveable liquid food packaging innovation

A microwaveable liquid food packaging innovation

Ecolean AB | 15-Jun-2018 | Business Advice

Experience the difference of lightweight, innovative packaging. With Ecolean flexible aseptic packages, dairy brands can easily stand out on the shelves...

Free white paper: Perfecting texture in dairy foods

Free white paper: Perfecting texture in dairy foods

Stable Micro Systems | 12-Mar-2018 | Technical / White Paper

In dairy, texture is everything. Download this free white paper to learn how objective analysis can help you create the ultimate creamy yoghurt, a perfectly...

Related suppliers

Follow us

Featured Events

View more

Products

View more

Webinars