Gelpac, a high-performance packaging solutions manufacturer to the agrifood, chemical and construction industries, announces the strategic acquisition of Standard Multiwall Bag Mfg. Co. and its subsidiary WesTx Packaging Co., a second-generation family business whose factories are located, respectively, in the cities of Beaverton in Oregon and Lubbock in Texas and which is specialized in the manufacture of multiwall paper bags for the agrifood, pharmaceutical and industrial markets.
As part of this acquisition, Gelpac has arranged syndicated financing with National Bank of Canada as administrative agent and a syndicate of lenders, giving it access to credit facilities to finance its operations in the United States and Canada.
A Fasken team comprised of Michel Boislard, Guillaume Saliah, Alexandra Freedman, Kim Ledoux (mergers and acquisitions); Svetlana Samochkine, Marwan El-Sayegh (banking law) and Jean-Philippe Therriault (environment) advised Gelpac on this acquisition.
Jurisdictions
- Québec
- United States
