“The acquisition of a majority participation in Trilex, a leading supplier to the banana export industry, is aligned with our growth strategy for the packaging sector,” said François Olivier, president and CEO of TC Transcontinental. “Trilex expands our already well-established footprint in Latin America with a second location in Ecuador, in addition to our plants in Guatemala and Mexico, and our sales office in Costa Rica.”
“The banana industry presents very specific needs such as protection during the growing cycle, crop yield improvement, as well as sun and pest damage reduction, in addition to export packaging needs,” Thomas Morin, president of TC Transcontinental Packaging, added. “Thanks to Trilex, we will bolster our product offering for the agricultural market, namely with banana tree bags and box liners, and strengthen our position as a key supplier to the banana industry in Latin America.”
This is TC Transcontinental’s eighth flexible packaging acquisition since entering the industry in 2014. TC Transcontinental Packaging is a leader in flexible packaging in North America, and also has operations in Guatemala, Mexico, Ecuador, UK, New Zealand and China. The sector has more than 4,000 employees.