By: Michael Lauzon
December 11, 2013
GAB Packaging Ltd. is expanding into plastics industrial packaging with the acquisition of three Canadian companies.
GAB of Candiac, Quebec, has specialized in industrial paperboard packaging services. By purchasing the companies it is adding distribution and design of polyethylene and polyurethane foams, air bubble cushioning, lamination and a range of thermoforming films, including electrostatic dissipation types, to its services.
GAB is buying Smith-Induspac operations in Toronto, Ottawa and Montreal. In addition to distributing plastics packaging they sell paperboard packaging.
Specialized Packaging Group LP announced the sale of the three subsidiaries on Dec. 6. The Lachine, Quebec, company said selling the three operations will allow it to focus more on non-fiber packaging. Its continuing operations include Ivex Corp. of Longueuil, Quebec, which supplies engineered foams, bubble cushioning and foam-in-place machinery. Ivex U.S. operations include a facility in Ontario, Calif. Other Specialized Packaging Group operations are in Mexico, France, Germany and Poland.