Business
National Bank Private Investment invests in the Induspac Group and becomes a shareholder
National Bank Private Investment invests in the Induspac Group and becomes a shareholder ...
About this update from National Bank Of Canada
[{"type":"text","content":"\n \n \n \n National Bank Private Investment invests in the Induspac Group and becomes a shareholder\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MONTREAL\n \n \n ,\n \n \n June 1, 2023\n \n \n /CNW/ - National Bank Private Investment (\"NBPI\") is proud to announce that it has become a shareholder of the Induspac Group, a Canadian leader in the design and manufacturing of customized industrial packaging.\n \n \n \n \n \n \n \n \n \n The company will be able to count on NBPI to maximize development opportunities and solidify its position in a sector with high potential.\n \n \n The Induspac Group includes the GAB Packaging plant in\n \n Candiac\n \n , the JP Carton plant in\n \n Longueuil\n \n , and the Smith Packaging plants in\n \n Ottawa\n \n and\n \n Mississauga\n \n . The group has been in business for over 50 years and is headed by\n \n Luc Guertin\n \n . It employs more than 300 people and boasts around 400,000 square feet of manufacturing facilities. The company's 1,000 clients range from SMEs to large multinationals and are drawn mainly from the manufacturing industry in\n \n Quebec\n \n and\n \n Ontario\n \n .\n \n \n \"By making this investment and becoming a shareholder, we will be able to maximize the company's development and position ourselves in the recyclable packaging sector, which has high growth potential. Our team will support the rollout of the company's strategic plan, which will build on its strengths and market opportunities that arise,\" said Luc Ménard, Executive Vice-President, Managing Director and Head of Private Investments at National Bank.\n \n \n \"Gaining a major partner like NBPI will allow us to strengthen our foundations and continue developing our company by seizing business opportunities,\" said\n \n Luc Guertin\n \n , President and Chief Executive Officer of the Induspac Group.\n \n \n \n About National Bank of\n \n Canada\n \n \n \n \n \n With $418 billion in assets as at\n \n April 30, 2023\n \n ,\n \n National Bank of\n \n Canada\n \n \n , together with its subsidiari...