CMP Sells 20% Stake to Employees

Published: December 04, 2008

TORONTO, ON, CANADA | Celplast Metallized Products (CMP) announces the sale of a 20% stake in CMP to an employee group led by Dante Ferrari. Plans are in place for them to acquire a majority position over seven to ten years. While CMP’s parent company will maintain a long-term interest in the business, the arrangement secures a group of talented people as owners and allows a gradual and smooth management transition. Commitment to service for the company’s North American converting customers and a continued focus on employee education and customer-centered innovation will permit CMP to grow with its customers over the long term. More information is available from Chuck Larsen, Bill Hellings, or Dante Farrari at 416-293-4330 or http://cmp.celplast.com.