Canadian flexible packaging manufacturer TC Transcontinental has acquired US-based die-cut lid and label maker HS Crocker for an undisclosed sum.
The addition of HS Crocker is intended to expand TC Transcontinental Packaging’s lidding and label capabilities.
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It is the company’s ninth flexible packaging acquisition.
TC Transcontinental Packaging president Thomas Morin said: “HS Crocker is a die-cut lidding leader in North America, serving markets that are highly strategic for us.
“The integration of HS Crocker’s Huntley facility to our platform will broaden our packaging solution portfolio, especially in the dairy, coffee lids, shelf-stable and chilled desserts markets, and provide significant cross-selling opportunities with our respective customers.”
Based in Huntley, Illinois, HS Crocker produces pressure-sensitive labels for customers in the pharmaceutical market and die-cut lids for the food, dairy and other markets.
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By GlobalDataThe company operates one facility in Huntley and one in Exton, Pennsylvania, employing around 150 people in total.
It reported consolidated sales of around $50m for the 12 months to 31 July.
Morin added: “As for the Exton plant, it will allow us to expand our pharmaceutical and medical expertise in the advanced coatings product offering through the addition of value-added and specialised labels, while increasing our market share in the healthcare industry.
“We are also planning on leveraging the excess capacity within both HS Crocker’s facilities in order to support our organic growth.”
HS Crocker was advised by US-based investment bank Blaige & Company for the transaction.
TC Transcontinental Packaging specialises in recycling, extrusion, lamination, printing, coating and converting.
The company has around 3,900 employees across the US, Canada, Guatemala, Mexico, Ecuador, the UK, New Zealand and China.
TC Transcontinental completed acquisitions of Holland & Crosby in October 2019 and Artisan Complete last January.
In June, the company acquired BGI Retail, a full-service in-store design and solution partner for retailers and worldwide brands.
