HALIFAX, NS, April 10, 2025 – SeaFort Capital is pleased to announce an investment in Al-Pack Enterprises Ltd. (“Al-Pack”), a leading manufacturer and distributor of packaging solutions based in Moncton, New Brunswick. This investment marks an important milestone in Al-Pack’s history and supports the company’s long-term growth strategy.
Louis LeBlanc, Chief Executive Officer of Al-Pack, commented, “I have been impressed by SeaFort’s professionalism and the respect they have shown for Al-Pack’s values. We are excited to partner with the SeaFort team as Al-Pack enters its next stage of growth”.
In addition to its core manufacturing operations, which produce a variety of polyethylene and compostable garbage bags, including well-known retail products, Al-Pack operates a distribution business that offers a broad catalogue of packaging and sanitation products.
Rob Normandeau, SeaFort’s Managing Partner & President, added, “This is the fourth platform investment for SeaFort Capital Fund II and represents the type of Canadian mid-market opportunity we target. We are pleased to invest in a successful Atlantic Canadian-based business and excited to partner with a strong management team as they execute on a clearly outlined growth strategy”.
Al-Pack intends to grow through a combination of organic initiatives and strategic acquisitions. All shareholders remain committed to maintaining Al-Pack’s reputation for delivering market-leading products and services. The company will continue investing in technology and equipment to increase manufacturing output and remain at the forefront of sustainable product development.
Stewart McKelvey acted as legal advisor to SeaFort Capital. Due diligence support was provided by Kalos LLP and Doane Grant Thornton LLP. Bank of Montreal was retained as Al-Pack’s banking partner as part of the transaction.
About SeaFort Capital
Based in Halifax, Nova Scotia, SeaFort Capital is a private equity firm that invests in lower-mid-market Canadian businesses with EBITDA ranging from $2 million to $15 million. SeaFort is a growth-oriented investor that seeks to establish long-term partnerships to help grow industry-leading Canadian companies. SeaFort targets investments in the business services, value-added distribution, specialty manufacturing, and health services sectors. SeaFort Capital is investing SeaFort Capital Fund II LP, which currently has committed capital of approximately $189 million.
About Al-Pack Enterprises Ltd.
Headquartered in Moncton, New Brunswick, Al-Pack is a provider of diversified packaging solutions. Founded in 1995, the company began as a distributor of packaging foam products and later expanded into packaging supplies such as tape, bubble wrap, and boxes. The addition of bag-making equipment at its Moncton facility enabled the launch of recycling and compost bags, further diversifying its offering. Today, Al-Pack employs approximately 100 individuals across multiple divisions and is recognized for its innovative, high-quality products. For more information, visit www.al-pack.com.
Media Contacts
SeaFort Capital
Rob Normandeau, Managing Partner and President
Email: rnormandeau@seafortcapital.com
Al-Pack Enterprises Ltd.
Louis LeBlanc, Chief Executive Officer
Email: louis.leblanc@al-pack.com
See Al-Packs profile and activity here.