Exo-s has acquired Plastiques Moore, a Saint-Damien-de-Buckland, Quebec-based maker of high precision small and medium-sized injection molded plastic parts. No financial terms were disclosed. The deal was funded by Desjardins Capital, the majority owner of Exo-s since 2012. Sherbrooke, Quebec-based Exo-s is a designer and maker of plastic products using injection and blow molding processes.
Sherbrooke/Saint-Damien-de-Buckland (Quebec, Canada), February 2, 2022 – Exo-s, a designer and manufacturer of plastic products using injection and blow molding processes, announced today the acquisition of Plastiques Moore, a company specializing in the design, manufacture and assembly of high precision small and medium sized injection molded 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 clean rooms 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.
“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,” said Emmanuel Duchesne, President and CEO of Exo-s. By combining its organic growth and the acquisition of Plastiques Moore, the Sherbrooke company will be able to quadruple its sales since its creation in 2012.
“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,” said Marie-Claude Guillemette, President of Plastiques Moore.
“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.”
With more than 50 years of experience, Exo-s is a designer and manufacturer of plastic parts using injection and blow molding processes. Its teams of experts have acquired unique and specific knowledge in the design, engineering, and manufacturing of tooling and plastic parts for highly specialized applications. Thanks to its 850 employees in factories located in Canada, the United States and Mexico, Exo-s can successfully serve a large clientele. Since 2012, Desjardins Capital has been the majority shareholder of Exo-s.