WINNIPEG, Sept. 18, 2015 /CNW/ - Winpak Ltd. (TSX:WPK) announces that at a meeting on September 17, 2015, the Company's Board of Directors declared a special dividend of $97,500,000 CAD or $1.50 CAD per share payable October 15, 2015 to shareholders of record at the close of business on September 29, 2015, the 40th anniversary of Winpak's incorporation.
In addition, to commemorate the 40th anniversary of the Company, Winpak's Board of Directors also approved a cash payment totaling $2,200,000 CAD or $1,000 CAD to each of the Company's 2,200 employees, who have been instrumental in the success of the organization.
Winpak Ltd. manufactures and distributes high-quality packaging materials and related packaging machines. The Company's products are used primarily for the protection of perishable foods, beverages, and in health-care applications.
SOURCE Winpak Ltd.
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For further information: K.P. Kuchma, Vice President and CFO, (204) 831-2254; B.J. Berry, President and CEO, (204) 831-2216