TSE:WPK
Winpak is a leading packaging company, engaging in producing and distributing high-quality packaging materials and packaging machines. The company has twelve manufacturing facilities in North America and its products are used in food, beverages, pharmaceuticals, medical, and personal care industries.
Winpak operates principally in the United States (~80%), Canada (~13%), and Mexico and other (~7%). The company’s three main streams of packaging are Flexible Packaging (53% of 2020 revenues); Rigid Packaging & Lidding (~43%) and Packaging Machinery (~4%) which are also its operating segments.
Packaging products for perishable foods and beverages accounted for more than 90% of sales in the last two years. Winpak’s customers include companies of all sizes. It is a sister concern of Wipak, a leading European manufacturer of packaging materials.