CHAMPLAIN FINANCIAL CORPORATION ACQUIRES EQUITY STAKE IN CHOISY LABORATOIRES LTD
June 18, 2015 – Champlain Financial Corporation (“Champlain”) is pleased to announce its acquisition of an equity stake in Choisy Laboratories Ltd. (“Choisy” or the “Company”), a Quebec-based manufacturer and distributor of sanitation solutions. The Company will be managed in partnership with the existing leadership team headed by Mr. Guy L. Trudeau.
Founded in 1946 by Mr. Yvon G. Trudeau, Choisy formulates, manufactures and distributes specialized hygiene solutions for use in the janitorial, hospitality and industrial sectors, as well as in select retail channels.
Over the past 70 years, the Company has strived to develop added value hygiene solutions, with a particular emphasis on green and biotech formulations. This fully integrated approach, ranging from formulating and blending to direct distributing of its products, sets Choisy apart from its competitors. With a leading market share in Quebec, the Company is active across Eastern Canada and select European markets.
Champlain led a group of investors, including the Alberta Teachers’ Retirement Fund Board, in the acquisition of the equity ownership interest in Choisy. A portion of the proceeds from this transaction will be used to fund the Company’s continued growth both nationally and internationally.
About Champlain Financial Corporation:
Champlain Financial Corporation, a Canadian private holding company based in Montreal, along with its U.S. affiliated private equity fund manager, Champlain Capital Management LLC, has been building a diversified private investment portfolio with a series of investments throughout Canada and the United States. Champlain’s core focus is to serve as a value-added partner in providing equity capital for small and middle-market companies.
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