US-based packaging firm Selig Group has acquired Manufacture Générale de Joints (MGJ), a French company that produces foam-based container sealing solutions.
The deal represents Selig Group’s second announced acquisition this year.
Based near Lyon, MGJ delivers a wide range of closure liners for spirits, pharmaceutical, personal care, food, household and other industries worldwide.
The acquisition will add to Selig Group’s packaging portfolio and is expected to expedite the development of sustainable products.
Selig president and CEO Steve Cassidy said: “MGJ’s team, products, markets and capabilities are extremely complementary to Selig and represent a significant growth opportunity for the combined organisation.
“Our cultures are well-aligned and focused on developing unique and valuable solutions for customers’ packaging issues.”
Under the terms of the deal, MGJ will adopt the Selig Group brand name and will continue to operate from its main facility in France.
In addition, MGJ chief representative Stéphane Triquet will serve as a vice-president within Selig’s European business unit.
Triquet said: “Selig is an ideal long-term home for MGJ’s employees and owner to support our operation in its next phase of growth.
“This is a highly strategic combination, enabling us to provide a more comprehensive solution offering for customers globally.
“We will continue to focus on the innovative, high-quality products and the exemplary service our customers rely upon.”
A subsidiary of CC Industries, Selig Group manufactures container sealing, venting solutions, flexible packaging products and technical laminates.
The company is based in Naperville, Illinois, and operates several manufacturing and distribution centres worldwide.
In January, Selig purchased Performance Systematix (PSI), which supplies container and packaging venting solutions.
The deal represented Selig’s third acquisition and was part of its strategy to increase its growth and expand its business model through ‘complementary solutions’.