With a focus on collaboration and knowledge sharing, the PDC supports customer efforts to create new, profitable products and evaluate the equipment needed to produce them.
The refinancing, which extends existing debt maturities beyond 2031, significantly improves adapa’s equity, leverage and liquidity position, reflecting the continued strong support of the Group’s existing lenders and providing long-term financial stability for the operational transformation.
Under the terms of the agreement, Soteria will acquire all issued and outstanding common shares of Imaflex for CAD $2.35 per share in cash, representing total equity value of approximately CAD $123 million. Upon completion of the transaction, Imaflex will become a privately held company.
The newly added space has already achieved ISO Class 8 certification, matching the cleanliness and particulate control of Averra’s existing clean manufacturing environment.
The expansion will support the company’s continued business growth to meet demand for its printed film products. As part of the expansion, Packaging Specialties will purchase new equipment for the Fayetteville facility to increase production capacity.
TSF will begin mass production on the new hybrid line from mid-November this year, supplying BOPP and BOPE films to packaging converters and global brand owners in sectors such as food and FMCG in India and throughout the world.
The investment adds 11,000 square feet of manufacturing space and state-of-the-art robotics designed to increase production capacity for aluminum foil rolls and containers.
