Venture Capital

Lavergne Industries Inc. in its connection with a $20 million investment from Fondaction

Lavergne Industries Inc.
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Asma Berrak

Associate, Corporate, Montréal

 

On April 4, 2023, Lavergne Industries Inc. received a $20 million investment from Fondaction. Lavergne focuses on meeting the strong demand for carbon footprint by manufacturing resins from recycled plastic. Through this investment, the company will continue to expand their presence in the market and attract new customers.

Lavergne Industries Inc., based in Montreal is one of the largest mechanical plastic recyclers in North America.

Fondaction, based in Quebec is an investment fund that has been operating for over 25 years.

Osler, Hoskin & Harcourt LLP advised Lavergne Production Canada Inc. with a team led by consisting of Shahir Guindi, Hugo-Pierre Gagnon and Asma Berrak.

Value
$20 million
Date Closed
April 4, 2023
Lead Office
Montréal
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Hugo-Pierre Gagnon

Partner, Corporate, Montréal

Asma Berrak

Associate, Corporate, Montréal