The Canadian manufacturer and distributor of envelopes and packaging products Supremex is closing its factory with 28 employees in Saint-Hyacinthe in Montérégie.
“Relocating folding carton operations to our existing facilities will significantly increase operational efficiencies and achieve synergies across our operations,” Supremex CEO Stewart Emerson announced in a press release on Tuesday.
“We regret the impact this decision may have on the affected employees and their families,” he added.
Supremex, valued at $111.3 million on the stock market, is closing its Saint-Hyacinthe facility acquired in the Impression Paragraph Inc. transaction. Carried out at the beginning of the year.
Savings of $1.5 million
The company wants to relocate its packaging operations to the Montreal region. She hopes to relocate some of the 28 affected employees.
Supremex says these changes, which it calls “optimization,” are expected to result in cost savings of $1.5 million per year.
At the same time, Supremex announced the resignation of its packaging industry president, Simon Provencher.
-In collaboration with Sylvain Larocque