Vancouver-based bioplastics maker Good Natured Products Inc. is acquiring Ex-Tech Plastics Inc., an extruder of rigid plastic sheets headquartered in Richmond, Ill., for US$14.1 million.
The deal includes all of Ex-Tech’s operating assets along with real estate owned by a related company, ETP Inc.
Founded in 1982, Ex-Tech operates seven different extrusion lines in a dedicated 75,000-square-foot facility, and serves the retail, food, and medical packaging sectors. Its customers are primarily located in the midwestern and southwestern U.S.
“[Our] long-standing partnership with Ex-Tech…dates back well before March 2016 when we acquired Ex-Tech’s bioplastic division,” said Good Natured Products’ CEO Paul Antoniadis. “The combined entity positions us as one of North America’s leading commercial sheet extruders, serving over 200 thermoforming packaging companies across North America. This acquisition firmly secures the company’s market positioning within our industria
The Globe and Mail Shirley Won Published February 3, 2021
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Canadian small-company stocks are back in the spotlight again, helped by tailwinds in multiple sectors at the same time.
The S&P/TSX Venture Composite Index, a broad-market indicator of domestic microcap securities, surged 51.6 per cent last year versus a 5.6-per-cent gain for the S&P/TSX Composite Index, including dividends.
The venture index continued its climb in January. Resource stocks largely drove past bull markets, but technology, clean-energy, health care, cannabis and even cryptocurrency-related stocks have now joined the party.
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Microcap stocks offer potential for multibaggers, but keep in mind that they come with higher risk. These young companies may not be profitable or have revenue yet. Management can stumble or face setbacks. Companies may not raise enough capital to grow, while financings can dilute existing shareholders.