MONTREAL, June 1, 2023 /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.

The company will be able to count on NBPI to maximize development opportunities and solidify its position in a sector with high potential.

The Induspac Group includes the GAB Packaging plant in Candiac, the JP Carton plant in Longueuil, and the Smith Packaging plants in Ottawa and Mississauga. The group has been in business for over 50 years and is headed by Luc Guertin. 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 Quebec and Ontario.

"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.

"Gaining a major partner like NBPI will allow us to strengthen our foundations and continue developing our company by seizing business opportunities," said Luc Guertin, President and Chief Executive Officer of the Induspac Group.

With $418 billion in assets as at April 30, 2023, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has approximately 30,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter. 

National Bank Investments Inc. does business under the name National Bank Private Investment and manages the National Bank SME Growth Fund, L.P. National Bank Private Investment (NBPI) is a venture capital firm that offers diversified investment opportunities to a clientele of seasoned investors from the National Bank network. The capital raised provides support to growing companies that wish to remain in control of their development and work with long-term partners.

™National Bank Private Investment is a trademark of National Bank of Canada.

Founded more than 50 years ago by Michel Renaud and Gilles A. Bouchard, the Induspac Group is a Canadian leader in the design and manufacturing of specialized industrial packaging. Supported by a solid team of designers, the company works with a wide variety of materials to maximize performance and reduce the cost of packaging for its clients. The Induspac Group stands out for its comprehensive range of products combining different specialized materials. It has four manufacturing plants (Candiac, Longueuil, Ottawa, Mississauga) and more than 1,000 clients.

SOURCE National Bank of Canada

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