Capital croissance PME has invested $1.6 million in the acquisition of ACO Container Systems Ltd by Rotoplast Inc. Based in Pickering, Ontario, ACO is a maker of medium-sized and large plastic industrial storage tanks. The acquisition of the company by Rotoplast, an East Farnham, Québec-based rotational moulder, was closed last month. No financial terms were released. Capital croissance PME II is a private equity fund sponsored by Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec.
INVESTMENT NOTICE (reproduced courtesy of Capital régional et coopératif Desjardins)
Business acquisition $1,600,000
May 4, 2016
With support from the Capital croissance PME fund, Rotoplast has acquired ACO Container Systems, an Ontario based manufacturer of medium-sized and large, plastic industrial storage tanks.
Founded in 1994, Rotoplast is an OEM plastic product manufacturer using a rotational moulding system. The East Farnham-based company targets clients in various industries including recreational vehicles and urban transportation, signage, security and water sports. Rotoplast offers turnkey service in new product development including the design, computer-aided design, prototyping, tool making, moulding and assembly. Rotoplast now employs nearly 50 people. www.rotoplast.ca
CAPITAL CROISSANCE PME II:
Capital croissance PME, the combined strength of Capital régional et coopératif Desjardins and the Caisse de dépôt et placement du Québec, is an investment fund with the primary mission of providing patient capital to Québec SMEs to carry out a variety of expansion projects. It strives in particular to keep SME ownership in Québec as entrepreneurs start thinking about taking their retirement. Managed by Desjardins Business Capital régional et coopératif, CCPME is designed to meet the financing needs of Québec companies, primarily in the form of subordinated loans of less than $5 million. www.capitalcroissancepme.com
INVESTMENT MANAGEMENT TEAM:
514-522-3362, ext. 7777300
Associate Vice-President, Subordinated Debt
819 821-3220, ext. 7212003
Vice-President, Subordinated Debt
Managing Vice-President, Investments
Photo courtesy of Rotoplast Inc