Packaging Solutions Holdings acquires Excel Pac
March 2, 2011
by Meat&Poultry Staff
MONTREAL – Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets, from Vincent Musacchio. Wellspring Capital Management and Harold Bevis, chairman and CEO of Packaging Solutions Holdings, made the announcement.
Excel Pac will be integrated into Packaging Solutions Holdings and together forms a more than $200 million packaging company. Packaging Solutions now produces a full suite of flexible packaging products for the food industry that includes adhesive laminated rollstock, extrusion laminated rollstock and finished pouches.
The personnel, assets and expertise of Excel Pac will join Jen-Coat and a new greenfield plant and team in Wisconsin to form a Top 20 packaging supplier to the food, dairy and medical markets. Financial terms of the transaction were not released.
Officials said in a press release that PSH will be better able to serve the industry from three plant locations in Canada and the United States with an asset base of 10 laminators and 11 printing presses. The R&D team of the new, larger entity now has more than 20 people developing next-generation packaging solutions.
Montreal–based Excel Pac packaging solutions are used for a wide range of products including meat, barrier and modified atmosphere packaging, cheese, frozen pizza and more. Products are delivered in rollstock form, premade pouches with press-to-close zippers, premade pouches with slider zippers, and side-gusseted flat bottom pouches with slider zippers.
A leader in solventless adhesive laminating, 10 color printing and pouch making, Excel Pac’s facilities are compliant with American Institute of Baking (AIB) standards of the food industry and are peanut-free.