LONDON, ON—Jones Packaging Inc., has entered into an agreement to sell its shrink sleeve business, including its equipment and customer portfolio, to Safety Seal Plastics Inc., a Hamilton-based shrink sleeve manufacturer.

 “The shrink sleeve business was the smallest within our printed packaging portfolio and the only product not integrated with our two other divisions – Contract Packaging Services and Healthcare,” Ron Harris, president and CEO at Jones, said.  “We remain fully committed to our strategic focus in printed packaging with innovative solutions for folding cartons, pressure sensitive labels and leaflets, as well as new offerings in printed electronics technology. In fact, we recently made a significant investment in a new press to keep up with growing demand in these areas, in support of our overall corporate strategy.”
The transition of business will take place over the next month.

 “The acquisition of the shrink sleeve business from Jones is a key element of Safety Seal Plastics’ growth strategy,” Michael Bedrosian, Safety Seal Plastics president and CEO, said. “There is a natural synergy between our companies’ existing customer bases, which include some of the most recognized global pharmaceutical and consumer brands. This will facilitate the transition of business. We have also recently acquired a state-of-the-art manufacturing facility in Guelph, Ontario to accommodate this new business and future growth. We are relocating our current Hamilton-based operations to the new Guelph facility before the end of the year. It is a very exciting time for Safety Seal.”

The Jones portfolio of shrink sleeve business will move directly to Safety Seal Plastics’ new facility in Guelph.