Canadian Companies Merge to Create New Flexible Packaging Enterprise

Two Canadian companies, PolyExpert Inc. and Polykar Industries Inc., recently announced their merger to create a new company, Invera Flexibles, that will have more than $200 million in combined sales and 350 employees.

“Invera Flexibles represents decades of expertise in the research, development, and production of specialty polyethylene films, bags, and liners,” the company said in a news release. “The company combines the innovation and operational excellence that have defined PolyExpert and Polykar, now united under a single, high-performing team committed to sustainability, product quality, and operational excellence.”

Invera Flexibles is backed by Kent Road Capital as the majority investor, alongside MontClerc Capital, President and CEO Amir Karim, and employee shareholders.

As part of this transaction, Invera Flexibles is committing up to $20 million to invest in the expansion and modernization of production capacity at its Edmonton and Laval facilities. The company eventually will reach an annual production capacity exceeding 150 million pounds of flexible packaging films and products.

The PolyExpert and Polykar brands will continue as distinct product lines.