Induspac Group has secured new investment through a financial partnership with a consortium of Quebec backers led by Champlain Financial Corporation.

The deal brings in Fondaction, Desjardins Capital and members of the company’s management team to support the next phase of growth for Induspac, a Candiac, Que.-based designer and manufacturer of custom industrial packaging. The partners say the funding will help the company scale while keeping its strategic and operational focus rooted in Quebec.

As part of the transition, longtime president and majority shareholder Luc Guertin is relinquishing day-to-day leadership.

He will remain involved as a strategic adviser as Antoine Schiele-Spain prepares to take over as president.

“I am very excited about this new partnership with Champlain Financial Corporation and the institutional investors. Furthermore, the transition of the management team under Antoine’s leadership will certainly take Induspac’s development to the next level,” said Guertin.

Champlain welcomed the partnership and underscored Induspac’s strong market position.

“We have identified Induspac as a leader in its market, and we are very proud to partner with the management team and our institutional partners to build an undisputed leader in the Canadian market in the niche served by Induspac”, said André La Forge, a partner at Champlain.

Financial terms were not disclosed.

Photo: Induspac