Soteria Flexibles Corp. to Acquire Imaflex Inc.

Executive Summary

• Soteria Flexibles Corp. entered into a definitive agreement for an affiliate to acquire all outstanding common shares of Imaflex Inc. for CAD $2.35 per share, valuing the transaction at approximately CAD $123 million.
• The acquisition expands Soteria’s North American flexible‑packaging footprint, adds advanced film manufacturing capabilities, and broadens its customer base across industrial, agricultural, food, and consumer markets.
• Closing is expected in Q1 2026, subject to customary regulatory and shareholder approvals.

Key Details

• Purchase Price: CAD $2.35 per Imaflex share (cash).
• Total Equity Value: Approximately CAD $123 million.
• Transaction Structure: Cash acquisition of 100% of Imaflex’s issued and outstanding common shares; Imaflex will become a privately held company post‑closing.
• Strategic Rationale: Combines two complementary flexible‑packaging businesses with strong cultural alignment, expands manufacturing locations (Canada & U.S.), enhances technical expertise, and increases scale to serve customers faster and more reliably.
• Closing Timeline: Expected in the first quarter of 2026, contingent on regulatory clearance and shareholder approval.
• Board Recommendations: Imaflex’s board unanimously approved the deal and recommends shareholders vote in favor.
• Key Quotes:
• Brad Herbolsheimer (CEO, Soteria Flexibles): Emphasized cultural fit and strategic expansion of the North American platform.
• Joe Abbandonato (Executive Chairman, Imaflex) & Stephan Yazedjian (President & CEO, Imaflex): Highlighted long‑term growth prospects and industry consolidation benefits.

Notable Quotes

• “This transaction is a natural fit for Soteria… together, we are building a stronger and more diversified flexible packaging platform.” – Brad Herbolsheimer, CEO, Soteria Flexibles
• “This transaction positions our business for long‑term success by leveraging the resources and scale of the combined entities…” – Joe Abbandonato, Executive Chairman, Imaflex

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