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Gelpac Announces The Strategic Acquisition Of Standard Multiwall Bag Mfg. Co.

May 17, 2023•about 2 years ago

Acquiring Company

GELPAC

Acquired Company

STANDARD MULTIWALL BAG MFG. CO

MontrealManufacturing

Description

GELPAC, a North American leader of high-performance packaging solutions announces the strategic acquisition of STANDARD BAG – Standard Multiwall Bag Mfg. Co. - a specialty manufacturer of industrial and food grade multiwall and wovenpoly laminated bags essential to the efficient handling of raw materials and finished products by major players in the agrifood, pharmaceutical, and industrial markets.

Company Information

Company

GELPAC

Location

Montreal, Quebec, Canada

About

Gelpac is a premier producer of multiwall paper and poly-woven packaging products. Founded in 1956, Gelpac operates six facilities in the United States and Canada, serving a growing and diversified customer base with innovative and sustainable packaging solutions. The company has a stellar reputation for performance and a deep commitment to innovation and sustainability.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed