Soteria Flexibles Corp. to Acquire Imaflex Inc.

"This transaction is a natural fit for Soteria," said Brad Herbolsheimer, Chief Executive Officer of Soteria Flexibles. "Imaflex brings deep technical expertise, strong customer relationships, and a highly capable team that aligns closely with our culture and strategic priorities. Together, we are building a stronger, more diversified flexible packaging platform with enhanced scale, capabilities, and geographic reach."

Imaflex has established a strong reputation for delivering innovative polyethylene films and packaging solutions across industrial, agricultural, food, and consumer markets, supported by advanced manufacturing capabilities in both Canada and the United States.

"We have long respected Imaflex for its disciplined approach to manufacturing, customer-centric mindset, and commitment to innovation," Herbolsheimer continued. "This combination meaningfully expands our North American footprint and strengthens our ability to serve customers with speed, reliability, and technical excellence. Just as importantly, we share a strong cultural alignment, and our focus will be on supporting our teams and customers as we integrate thoughtfully and responsibly."

Joe Abbandonato, Executive Chairman of Imaflex commented "this transaction positions our business for long-term success by leveraging the resources and scale of the combined entities, creating a stronger growth platform, and opening new opportunities for employees. It has the full support of our board of directors ("Board") and management team."

"As we join forces, what excites me most is the strong cultural alignment and shared values between our organizations," commented Stephan Yazedjian, President and CEO of Imaflex. "In an industry that remains highly fragmented, this transaction represents a natural consolidation that will create a stronger and more resilient platform. By combining our complementary strengths, we will not only enhance value for clients but also open new avenues for suppliers and employees alike to grow and innovate. Together, we are building a business with greater scale, reach, and opportunity—well positioned to thrive in a dynamic and expanding market."

The transaction was unanimously approved by Imaflex's board of directors, which has recommended that Imaflex shareholders vote in favor of the transaction. The acquisition is expected to close in the first quarter of 2026, subject to customary closing conditions, including applicable regulatory and shareholder approvals.

About Soteria Flexibles Corp.
Soteria Flexibles, a portfolio company of TJC LP, is a North American manufacturer of high-performance films and flexible packaging solutions serving customers across a wide range of end markets, including food, healthcare, industrial, and consumer applications. The company specializes in short-run, custom packaging supported by advanced manufacturing capabilities and a customer-centric operating model. With eight manufacturing locations and a broad portfolio of materials and formats, Soteria partners closely with customers to deliver reliable, responsive, and innovative flexible packaging solutions tailored to their specific needs.

About Imaflex Inc.
Founded in 1994, Imaflex is focused on the development and manufacturing of innovative, flexible- packaging solutions, including barrier and metalized films, for consumer food, industrial and agriculture applications. Headquartered in Montreal, Quebec, Imaflex has manufacturing facilities in Canada and the United States. The Corporation's common stock is listed on the TSX Venture Exchange under the ticker symbol IFX. Additional information is available at www.imaflex.com.

Media Contact:
Wally Hasselbring
wally.hasselbring@soteriaflexibles.com 

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SOURCE Soteria Flexibles Corp.