November 5, 2019
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client,
WBC Extrusion Products Inc. by GELPAC.
WBC, founded in 1979 and headquartered in Haverhill, Massachusetts is an American specialty manufacturer of single-use blown polymer films for the food, industrial, automotive, medical and commercial packaging industries. The company is located 36 miles north of Boston, and its state-of-the-art facilities efficiently meet the needs of clients located in the Northeast of the United States.
“With this acquisition, we will strengthen our competitive position in North-America. By combining the strengths of the three plants and by integrating our respective R & D initiatives, on-going innovations to the manufacturing process and procurement strategies, we will offer the best performing poly solutions in the market”, said Allain Robillard, CEO of GELPAC.
GELPAC has been a leading supplier of high-performance packaging solutions to the North American food, chemical and construction industries for over 60 years. For this acquisition, GELPAC relied on financing and strategic support from institutional investors, including CDPQ, le Fonds Manufacturier Québécois and Namakor.
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