Wedoany.com Report on Mar 7th, Canadian packaging materials company Imaflex announced that Soteria Flexibles AcquireCo, an affiliate of Soteria Flexibles, has completed the acquisition of Imaflex under a plan of arrangement pursuant to Section 192 of the Canada Business Corporations Act. The acquirer purchased all of the issued and outstanding common shares of Imaflex for CAD 2.35 per share in cash, representing an equity value of approximately CAD 123 million for the company.

The acquisition received strong support from Imaflex shareholders, was approved at a shareholder meeting held on February 19, 2026, and received final court approval the following day. With the completion of the acquisition, Imaflex's shares are expected to be delisted from the TSX Venture Exchange at the close of trading on March 3, 2026. The company will also apply to cease to be a reporting issuer under Canadian securities laws in Alberta, British Columbia, and Quebec.

The acquirer has deposited the share consideration with Computershare Investor Services Inc. as the depositary. Registered shareholders must complete and sign a letter of transmittal and deliver it, along with their share certificates and other required documents, to the depositary to receive the consideration. The letter of transmittal has been mailed to all registered shareholders and is also filed under Imaflex's issuer profile on www.sedarplus.ca. Shareholders holding their shares through a broker should contact their intermediary for assistance.

Imaflex stated that the acquirer and its affiliates did not hold any shares prior to the effective date of the acquisition. An early warning report will be filed on the company's profile on the SEDAR+ platform. This acquisition marks the end of Imaflex as an independent publicly traded company, and it will now be integrated into the Soteria Flexibles business.