The Caisse de dépôt et placement du Québec has acquired Gelpac Inc., a manufacturer of packaging solutions for industrial products and consumer goods.
Based in Quebec, the company has been operating for more than 50 years. It provides packaging services to companies across North America, including those in the food, agriculture, construction, retail and pharmaceutical sectors.
“Gelpac is among those manufacturing companies that have put innovation forward to improve their performance,” said Christian Dubé, executive vice-president for Quebec at the Caisse, in a news release. “In addition to investing in a company with solid roots and a promising future, this transaction reflects our desire to play an active role in supporting the succession of Quebec companies.”
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Namakor Holdings and the Cassie-sponsored Quebec Manufacturing Fund, which invests in manufacturing companies based in the province, are also part of the acquisition. Alain Robillard has been appointed president and general manager at Gelpac. He’ll be leading the company’s 200 employees.
“Beyond investment, we are pleased to share our operational expertise in manufacturing the best business practices with Gelpac,” said Mario Tougas, partner at the Quebec Manufacturing Fund. “In this way, we will be sure to provide the proper support to the existing team and the new leadership.”