Exo-s, a designer and manufacturer of plastic products using injection and blow moulding processes, has announced the acquisition of Plastiques Moore, a company specialising in the design, manufacture and assembly of high precision small and medium sized injection moulded plastic parts.
This transaction is entirely financed by Desjardins Capital, which has been the majority shareholder of Exo-s since 2012.
Located in Saint-Damien-de-Buckland, in the renowned Plastics Valley, Plastiques Moore employs more than 110 employees working in facilities of nearly 80,000 square feet at the cutting edge of technology. Supplier to the Public Health Agency of Canada, it is also the only plastic injection company in Quebec to have three ISO-8 cleanrooms dedicated to the manufacture of parts for the medical sector.
Already active in the automotive industry, Exo-s believes that this acquisition will offer significant growth opportunities in the medical, industrial, mining, military and household appliance markets. This acquisition will also allow Exo-s to expand its range of processes.
Emmanuel Duchesne, president and CEO of Exo-s, said: "The acquisition of Plastiques Moore is a strategic transaction that will allow Exo-s to increase its expertise and diversify its markets in North America.”
Marie-Claude Guillemette, president of Plastiques Moore, added: “Exo-s is without a doubt the best possible partner because it is a Quebec company that cares about its employees and for whom social involvement within its community is important. It will allow Plastiques Moore to continue its accelerated growth by keeping the current team in Saint-Damien.”
"We have been the majority shareholder of Exo-s for 10 years,” said Marie-Hélène Nolet, COO of Desjardins Capital.
“This transaction perfectly illustrates our business model as a partner that supports its portfolio companies over the long term. Alongside Exo-s, we are once again at the rendezvous for the acquisition of Plastiques Moore and its cutting-edge expertise, particularly in the medical sector.”