Supremex Inc. (TSX:SXP) will look for acquisitions. The company said, "Since the beginning of 2023, new order intake has slowed appreciably as customers work through excess inventory built via over-ordering in a time of tight supply in 2022 and macro-economic conditions including rising interest rates and high inflation, which has adversely affected discretionary spending. The Company expects these conditions to affect its operations in the third quarter and potentially into the fourth quarter.

Supremex will rely on its solid reputation and geographic reach to assist in mitigating a slowdown while continuing to tightly control expenses. The Company will continue to focus on integrating the Royal Envelope Corporation, Impression Paragraph Inc. and Graf-Pak business acquisitions, while actively seeking to capture all sales and cost synergies. As planned, Graf-Pak's operations have been merged into the Lachine facility and the Company continues to assess optimization initiatives to leverage Lachine's larger capacity.

With respect to capital deployment for 2023, the Company will continue to look for strategic acquisitions, mainly in the Packaging and specialty products segment, while sustaining capital returns to shareholders".