MONTREAL, Nov. 28, 2016 /CNW Telbec/ - Supremex Inc. ("Supremex" or the "Company") (TSX: SXP), a leading North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products, today announced it has acquired substantially all of the assets of Quebec-based Durabox Paper Inc., a manufacturer of specialty corrugated paper boxes.
"Through this strategic acquisition we gain not only a strong, vibrant and growing consumer packaging business with a positive outlook, we add complementary capabilities, cross-selling opportunities and vertical integration potential. The addition of the equipment and knowhow allows us to efficiently produce and customize corrugated packaging, broaden the Supremex product offering and continue to diversify the business." said Stewart Emerson, President and CEO of Supremex Inc.
Founded in 2002, Durabox Paper Inc. is one of the few remaining independent corrugators in North America and is a dominant player in their core segment. A family owned and operated business, Durabox employs 50 at its Lachine, Quebec facility and serves customers primarily in Central and Eastern Canada as well as in the United States. Durabox generated approximately $8 million in revenues in their last fiscal year. John Nickoletopoulos, President, and the management team will remain with the company.
"We are excited to join forces with Supremex. We believe our manufacturing and customization capabilities are a synergistic compliment to Supremex' packaging offering. Further, with their reach, sales network and financial support we now have the resources and network to grow our capacity beyond our existing customer base and deliver even more value to existing customers", said John Nickoletopoulos, President of Durabox Paper Inc.
Supremex Inc. is a leading North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products. Supremex is the only national envelope manufacturer in Canada, with facilities across seven (7) provinces and three (3) facilities in the United States and employs approximately 750 people. Supremex' growing footprint allows it to efficiently manufacture and distribute products tailored to the specifications of major corporations, national resellers, government entities, as well as paper merchants, statement processors and solutions providers. For more information, please visit www.supremex.com.
SOURCE Supremex Inc.
For further information: Investor Relations, email@example.com, (514) 595-0555 extension 2316