The Ontario Teachers’ Pension Plan today announced the purchase of Dynea North America—a resin adhesive and paper overlays producer based in Mississauga, Ont.

No purchase price for the deal was announced by the company has annual sales of more than US$550 million.

“Given Teachers’ long-term investment philosophy, their purchase of Dynea North America is an excellent signal to the market of their confidence in our business,” said Garry McClean, president of Dynea North America.

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