- CEO
- David A. Johns
- Full Time Employees
- 2,900
- Sector
- Consumer Cyclical
- Industry
- Packaging & Containers
- Address
- 100 Saulteaux Crescent Winnipeg MB Canada R3J 3T3
- IPO Date
- Apr 18, 2012
- Business
- Winpak Ltd. manufactures and distributes high-quality flexible and rigid packaging materials along with related packaging machines primarily for perishable foods, beverages and healthcare applications; its product portfolio encompasses modified atmosphere packaging films for fresh and processed meats, poultry and cheese; specialty films for converting applications including printing, laminating and bag making; biaxially oriented nylon films for food, industrial and other uses; rigid containers such as portion control, single-serve, custom and retort trays for food, pet food, beverage, dairy, industrial and healthcare markets; flexible lidding in die-cut, daisy chain and rollstock formats for similar applications; specialized printed packaging for pharmaceutical, healthcare, nutraceutical, cosmetic and personal care sectors; and horizontal fill/seal machines for preformed containers plus vertical form/fill/seal pouch machines for pumpable liquids, semi-liquids and dry products. The company operates through three segments including flexible packaging, rigid packaging and flexible lidding, and packaging machinery; it serves food and beverage, dairy, protein, pet food and healthcare markets with production facilities across Canada, the United States and Mexico. Founded in 1975 and headquartered in Winnipeg, Manitoba, Canada, Winpak Ltd. functions as a subsidiary of Wihuri International Oy. In recent developments, the company completes a multi-year, over $100 million expansion of its Winnipeg modified atmosphere packaging facility in 2025 to boost capacity for recycle-ready products and projects sales volume growth of 5 to 7 percent amid focus on pet food, in-mold-label, dairy and healthcare markets; it secures SBTi approval for near-term science-based emissions reduction targets and publishes its 2025 Sustainability Report highlighting progress on GHG emissions, energy and waste goals; launches Medform DT, a next-generation forming film for healthcare packaging, and the Winspeed portfolio for pharmaceutical supply chain agility; raises its quarterly dividend to 5 Canadian cents per share from 3 cents and pays a $3.00 Canadian cents special dividend in January 2025; fulfills and renews normal course issuer bid programs repurchasing millions of shares; and forecasts 2025 capital expenditures of $80 to $90 million while evaluating acquisitions in medical and pharmaceutical applications.