SME universe | Labelink opens a brand new factory in Granby

Label supplier Labelink is celebrating its 20th anniversary by opening a brand new factory in Granby. This will be the first time that one of its teams will move into premises custom-built for its needs.


Posted at 1:05 a.m.

Updated at 8:00 a.m.

The building will be built not far from the Yamaska ​​River, and the office windows will overlook a wooded area.

“It will improve production processes, but the more important element is that it will allow us to create a living environment for employees. We see the trends in the market, it’s harder to find employees, we have to find a work environment more in line with their needs,” says Stephen Bouchard, president of Labelink.

He even says he is in discussions with his future neighbor, Artopex, to develop a walking path along the river which could benefit the employees of both companies.

Labelink distributes its production between nine factories and was already present in Granby, as the tenant of a factory. The team that worked there will gradually move to the new premises starting in the spring.

The new factory represents an investment of 15 million and will have an area of ​​6,320 square meters (68,000 square feet). The plan contains a rental suite of 1710 m2. (18 400 pi2), but Labelink hopes to succeed in concluding a major project with an American company, which would allow it to occupy the entire building and create around twenty jobs in Granby.

Labels on all shelves

Labelink was founded in 2004 and today has 400 employees across its factories in Canada and the United States. The labels and packaging components that it produces for its approximately 3,000 customers can be found on various objects found on the shelves of grocery stores and pharmacies, such as bottles of wine, jars of mustard or even laundry detergent containers.

That’s without counting the RFID tags that he designs for companies that use them internally. These include technology that makes it possible to track the item to which they are affixed, a practical feature especially for managing inventory.

Coming soon to Chicago

The company, headquartered in Montreal, has grown through acquisitions in recent years, and will soon add a Chicago factory to its production sites.

In an industry where only a few weeks – and sometimes only a few days – pass between receipt of an order and its delivery, Labelink must focus on speed of execution to ensure that it retains its customers.

“It requires being very agile, being customer-centric. It’s an overused term, but it’s really important in our world. We invest massively in computer systems to speed up decision-making,” underlines Stephen Bouchard, who adds that programmers work full time for the company.

This quest for speed was there from the beginning of the company, when it had only seven employees. “We have become a bigger machine, but I don’t want to lose that essence. Nothing breaks my heart more than a customer who tells me it’s not like it used to be. When it happens, we immediately try to understand why and find solutions,” says Stephen Bouchard.

PHOTO PROVIDED BY FORMEDICA

Brothers Nicolas and Anthony Bergeron, with their father Sylvain, acquired the Formedica company, founded by Raymond Fortin more than 50 years ago.

The succession of Formedica ensured by Quebecers

The orthopedic product design and production company Formedica has just been purchased by a Quebec family, who will take over. Brothers Nicolas and Anthony Bergeron, as well as their father Sylvain, succeed Raymond Fortin, who founded the company more than 50 years ago. The new owners want to propel the growth of the company, which has around thirty employees and which has a factory and a distribution center in Contrecœur. “It was important for [Raymond Fortin] to sell to Quebec interests and we are proud to take over from this flagship established in 1972 and which supports thousands of people on a daily basis thanks to its range of specialized products,” mentioned Nicolas Bergeron.

Vizimax purchased by Power Grid Components

The Longueuil company Vizimax has just been acquired by Power Grid Components (PGC), a portfolio company of the Blackstone investment fund based in Alabama. Vizimax develops innovative solutions for electrical systems, notably making it possible to extend the useful life of equipment such as power transformers and circuit breakers. PGC was founded in 2017 to acquire and develop companies that provide technical products for the North American power grid and adjacent industries. Since its creation, PGC has acquired six companies. “We are very excited to join the Power Grid Components family,” said Vizimax President Jean-Guy Lacombe, adding that this transaction represents a key step in its goal of helping ensure grid reliability all over the world.

Tornatech captures the attention of an investment firm

The American investment firm Tinicum has become a controlling shareholder of Groupe Tornatech, a company that designs and manufactures fire and industrial pump controllers. The details of the transaction have not been made public, but the co-presidents of Tornatech, Marc Goupil and Dominic Bergeron, retain a “significant” share of the company, we can read in the press release linked to the announcement. “We have a lot of respect for the business that Marc, Dom and the rest of the Tornatech management team have built. It is an established brand with a good reputation in the fire safety industry,” said Michael Donner, partner at Tinicum.

46 %

This is the proportion of Canadian small business owners who say they do not have a digital transformation plan in place, according to a survey conducted by Scotiabank. The financial institution points out that the absence of such a plan can make a business less attractive to potential buyers, in addition to complicating the transfer process.

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