Core Insights - US-based packaging company Soteria Flexibles is set to acquire Canadian flexible packaging producer Imaflex for C$123 million ($89.2 million) [1][2] - The acquisition will involve Soteria purchasing all common shares of Imaflex at C$2.35 each in cash, with the deal expected to close in the first quarter of 2026 [1][2] - Imaflex will be delisted and operate as a privately held company post-acquisition [1] Company Details - Imaflex, founded in 1994, specializes in producing polyethylene films and flexible packaging solutions for various sectors including industrial, agricultural, food, and consumer [3][4] - The company operates manufacturing sites in Canada and the US [4] - Soteria, a portfolio company of private equity firm TJC, focuses on short-run, custom flexible packaging and high-performance films, serving end markets such as food, healthcare, industrial, and consumer applications [4] Strategic Fit - Soteria CEO Brad Herbolsheimer emphasized that the acquisition is a natural fit, enhancing Soteria's scale, capabilities, and geographic reach [2] - Imaflex's executive chairman Joe Abbandonato noted that the transaction positions the business for long-term success by leveraging combined resources and creating new opportunities for employees [3]