MONTREAL, March 9, 2021 /CNW Telbec/ - Supremex Inc.
("Supremex" or the "Company") (TSX: SXP), a leading North
American manufacturer and marketer of envelopes and a growing
provider of paper-based packaging solutions, today announces
the bolt-on acquisition of Vista Graphic Communications, LLC
("Vista"), an Indianapolis,
Indiana based provider of print and folding carton
packaging.
"This turn-key operation brings us closer to our growing
e-commerce customer base in the U.S. and provides us with much
needed print and converting capacity to meet existing and growing
demand for our customized patent-protected
e-commerce packaging solutions," said Stewart Emerson, President & CEO of
Supremex. "Vista is strategically located, employs a skilled
workforce, and with modest planned equipment additions we can
quickly build a fully-integrated e-commerce packaging hub."
Vista Graphic Communications, LLC ("Vista") is a printing and
packaging solutions manufacturer focused on highly customized
folding cartons and micro flute packaging. The Company was founded
by Tim Rolfsen in 1985, runs two
full production lines, including 40" litho presses, die-cutting and
gluing, and serves clients primarily in the medical, dental and
publishing markets.
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities laws, including (but
not limited to) statements about the EBITDA, Adjusted EBITDA,
Adjusted Net Earnings and future performance of Supremex and
similar statements or information concerning anticipated future
results, circumstances, performance or expectations.
Forward-looking information may include words such as anticipate,
assumption, believe, could, expect, goal, guidance, intend, may,
objective, outlook, plan, seek, should, strive, target and will.
Such information relates to future events or future performance and
reflects current assumptions, expectations and estimates of
management regarding growth, results of operations, performance,
business prospects and opportunities, Canadian economic environment
and liability to attract and retain customers. Such
forward-looking information reflects current assumptions,
expectations and estimates of management and is based on
information currently available to Supremex as at the date of this
press release. Such assumptions, expectations and estimates are
discussed throughout this press release for year ended December 31, 2020. Supremex cautions that such
assumptions may not materialize and that current economic
conditions, including all of the current uncertainty resulting from
the ongoing COVID-19 health crisis and its broader repercussions on
the global economy, render such assumptions, although believed
reasonable at the time they were made, subject to greater
uncertainty.
Forward-looking information is subject to certain risks and
uncertainties and should not be read as a guarantee of future
performance or results and actual results may differ materially
from the conclusion, forecast or projection stated in such
forward-looking information. These risks and uncertainties include
but are not limited to the following: global health crisis,
economic cycles, decline in envelope consumption, increase of
competition, growth by acquisition, reliance on key personnel, raw
material price increases, exchange rate fluctuation, concerns about
protection of the environment, availability of capital,
credit risks with respect to trade receivables, interest rate
fluctuation, potential risk of litigation, contributions to
employee benefits plans, cyber security and data protection, no
guarantee to pay dividends. In addition, risks and uncertainties
arising as a result of the COVID-19 pandemic that could cause
results to differ from those expected include, but are not limited
to: potential government actions, changes in consumer behaviors and
demand, changes in customer requirements, disruptions of the
Company's suppliers and supply chain, availability of personnel and
uncertainty about the extent and duration of the pandemic. Such
risks and uncertainties are discussed throughout this press release
for the year ended December 31, 2020
and in particular, in ''Risk Factors''. Consequently, the Company
cannot guarantee that any forward-looking information will
materialize. Readers should not place any undue reliance on such
forward-looking information unless otherwise required by applicable
securities legislation. The Company expressly disclaims any
intention and assumes no obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise.
The Management Discussion and Analysis and Financial Statements
can be found on www.sedar.com and on Supremex' website.
About Supremex
Supremex is a leading North American manufacturer and marketer
of envelopes and a growing provider of paper-based packaging
solutions. Supremex operates 13 facilities across six provinces in
Canada and three facilities in
the United States employing
approximately 850 people. Supremex' growing footprint allows it to
efficiently manufacture and distribute envelope and packaging
solutions designed to the specifications of major national and
multinational corporations, resellers, government entities, SMEs
and solutions providers.
For more information, please visit www.supremex.com.
SOURCE Supremex Inc.