24 July 2017
Stuart Packaging sold to Supremex
MONTREAL—
Stuart Packaging plant in Montreal
Stuart Packaging plant in Montreal
 Supremex announced that it has aquired Stuart Packaging Inc., a folding carton packaging for the consumer market. The transaction was concluded for  $17.5 million..Founded in 1983 by Stuart Goldman, Stuart Packaging Inc. is a fully integrated folding carton manufacturer with annual revenues of approximately $18 million. It employs approximately 65 people at its 68,000 square-feet  located in Montreal.. Stuart Packaging Inc. offers packaging and finishing solutions for some of the largest multinational companies operating in the cosmetics, nutraceutical, fragrance and pharmaceutical industries .
 
The President and founder of Stuart Packaging, Stuart Goldman, will assume a prominent role as President of Stuart Packaging Inc. - Folding Carton Division of Supremex. Supremex Inc. is a  North American manufacturer of envelopes, packaging and specialty products. Supremex operates facilities across seven provinces and three facilities in the United States and employs approximately 845 people. 
"This acquisition significantly strengthens our position in the folding carton packaging market and further diversifies our revenue stream into a growing value-added market segment,” said Stewart Emerson, President and CEO of Supremex. "
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