PolyExpert and Polykar Industries have completed a merger of equals to form Invera Flexibles, a flexible packaging leader with more than $200 million in combined sales and 350 employees, backed by Kent Road Capital as the majority investor alongside MontClerc Capital, President and CEO Amir Karim, and employee shareholders. The combination brings together decades of expertise in specialty polyethylene films, bags, and liners under a single high-performing organization committed to sustainability, product quality, and operational excellence.
As part of the transaction, Invera Flexibles is committing up to $20 million in capital to expand and modernize production capacity at its Edmonton and Laval facilities, with planned annual production capacity exceeding 150 million pounds upon completion. The company operates three facilities in Montreal, Laval, and Edmonton and is positioned across five key segments including converter films, industrial and food-grade packaging, agricultural films, and compostable solutions. Both the PolyExpert and Polykar brands will continue as distinct product lines within the combined organization.
Invera Flexibles is led by Amir Karim, who described it as an honor to carry on the legacies of both Polykar Industries and PolyExpert, expressing confidence that the capital backing from Kent Road Capital and MontClerc Capital and industry expertise from both investor groups creates the right foundation for building a market-leading company with the capacity to deliver exceptional value to customers across North America. The PolyExpert and Polykar brands will preserve their market recognition while benefiting from the scale and capabilities available through the combined Invera Flexibles platform, including access to multiple production facilities, a deeper talent base, and expanded research and development capacity.
Kent Road Capital Operating Advisor and Invera Flexibles Board Member Dave Timm highlighted that customers now have access to a partner with multiple facilities, a best-in-class team, and the capacity to grow with them — a level of reliability and depth he described as rare in the flexible packaging market. MontClerc Capital Managing Partner Mathieu L’Allier described Invera Flexibles as a differentiated platform with strong fundamentals and a clear path to sustained growth. The $20 million capital investment program is designed to position the combined company to meet growing market demand while improving operational efficiency at both the Edmonton and Laval production sites.
The formation of Invera Flexibles reflects ongoing consolidation in the North American flexible packaging sector, where customers increasingly prefer suppliers with multiple facilities, broad product portfolios, and the financial stability to invest consistently in quality and innovation.
KEY QUOTE:
“It is a great honour and privilege for me to carry on the legacies of both Polykar Industries and PolyExpert through Invera Flexibles. Together with our partners at Kent Road Capital and MontClerc Capital, we benefit from both strong capital backing and industry expertise, positioning us to further build a market-leading company.”
Amir Karim, President and CEO, Invera Flexibles
