Transaction Represents 87^th Acquisition for Leading Distributor of Foodservice Packaging and Janitorial Sanitation Products

Imperial Dade, a leading distributor of foodservice packaging, printing papers and janitorial supplies, today announced the acquisition of Canpaco, Inc., Crystal Poly Converters, Arcadian Paper Converters, Inc., and Canadian Paper & Packaging Co. LTD (together “Canpaco” or the “Company”). The transaction represents the 87^th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, Chairman and CEO of Imperial Dade, respectively. Financial terms of the private transaction were not disclosed. Imperial Dade remains committed to the strategic focus created more than 15 years ago to continue to grow both through organic initiatives and a disciplined acquisition process.

Canadian Paper & Packaging Co. Ltd. (CPP) and Arcadian Paper Converters Inc. established in 1936 and 1960 respectively, owned and operated by Robert Appel, Brian Charney and John Taylor have strived to meet and exceed customer expectations in the Quebec marketplace complementing the shared values of Canpaco. Canpaco prides itself on their commitment to make their customers the most competitive and innovative in their respective industries. Owned and operated by Robert Appel, Canpaco provides its customers critical value-added services and access to a diversified product while reducing environmental packaging waste. The Company focuses on customer service and fostering a strong culture amongst its employee base. By leveraging Imperial Dade Canada’s market leading platform, Canpaco customers can expect the same exceptional customized service coupled with an even greater offering of products and solutions.

"Imperial Dade continues to expand its presence across Canada, and we are looking forward to continuing together in our mission to organically grow and provide unmatched customer service throughout North America," said Jason Tillis, CEO of Imperial Dade. "I enthusiastically welcome the Canpaco family to Imperial Dade Canada. Now together, we look forward to building upon already established success and continuing to find ways to better serve our customers and vendor partners," said Stephane Lapointe, President of Imperial Dade Canada.

“The Canpaco family is excited to join a platform that is aligned with us in our approach to customer service. Imperial Dade's breadth of products and services make them the perfect partner,” said Robert Appel, Founder and CEO of Canpaco, Inc.

About Imperial Dade

Founded in 1935, Imperial Dade serves more than 120,000 customers across North America. Since Chairman Robert Tillis and CEO Jason Tillis assumed their roles in 2007, the company has grown both organically and through acquisitions to become a leader in the foodservice packaging, industrial products and janitorial supplies industry. For additional information, please visit www.imperialdade.com.

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