2023-10-15 12:58:18
In this column published every two weeks, we provide an overview of insider transactions and investments in Quebec companies.
Nature’s Touch met la main sur Sunrise Growers
The Quebec company Nature’s Touch announced yesterday the acquisition of certain assets of Sunrise Growers, the frozen fruit division of the American group SunOpta, for US$141 million ($193 million). The transaction includes factories located in Kansas and Mexico. Sunrise Growers generated operating profits of US$15 million on sales of US$263 million over the past year. Founded in 2004 by John Tentomas, Nature’s Touch already had factories in Canada and the United States.
Marathon relies on Flyscan
Photo taken from the Flyscan website
The largest oil refiner in the United States, Marathon Petroleum, recently invested an unspecified sum in Flyscan Systems, a young company from Quebec. Flyscan’s patented technology enables early detection of oil leaks through aerial inspections. Founded in 2015 thanks to work by the National Optics Institute (INO), Flyscan also counts the Ontario engineering firm Hatch and the pipeline operator Enbridge among its shareholders.
He sells Couche-Tard
Réal Plourde in 2022. Photo taken from the University of Montreal website
Réal Plourde, one of the four founders of Alimentation Couche-Tard, sold shares of the Laval retailer for $14.7 million this week. He has more than $870 million left. Last month, another co-founder of the company, Richard Fortin, sold $14.5 million worth of shares. Couche-Tard’s stock has gained more than 20% since the start of the year.
HaiLa raises $14 million
Photo taken from the HaiLa Technologies website
The young company HaiLa Technologies from Montreal has just raised US$10.4 million (CA$14.2 million) as part of a financing round led by the Japanese component manufacturer Murata Electronics in which Quebec funds also participated. TandemLaunch and Ecofuel. Founded in 2019, HaiLa bills itself as a “fabless” company specializing in semiconductors and software for energy-efficient radio communications.
He buys GDI
Stéphane Lavigne Photo taken from the GDI website
The chief financial officer of GDI Building Services, Stéphane Lavigne, purchased nearly $100,000 worth of shares in the Montreal company at the end of September. He now owns nearly $800,000. GDI stock has lost just over 10% since the start of 2023.
Two local businesses sold
Louis Laflamme, President and CEO of OpSens. Photo Stevens LeBlanc
In the space of barely a week, two Quebec technology companies have accepted purchase offers from American buyers. Last week, H2O Innovation reached an agreement with the New York firm Ember which gives it a value of $395 million. The Caisse de dépôt et placement du Québec, Investissement Québec and company executives will hold a 21% stake in the company. For its part, OpSens will pass into the fold of Haemonetics Corporation for $345 million.
Oneka amasse 12,5 M$
Photo taken from the Oneka Technologies website
Established in Sherbrooke, the young company Oneka Technologies recently raised $12.5 million as part of a round in which several investors participated, including former Prime Minister Paul Martin and the Quebec firm AQC Capital. Founded in 2015 by Dragan Tutic, Oneka offers seawater desalination solutions powered by wave energy.
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