Important milestone for Artypac Automation, with the arrival of two young entrepreneurs

Laval, Feb. 1st, 2023 – Artypac Automation Inc. (“Artypac”), a renowned Quebec manufacturer specializing in the design and manufacture of automated packaging equipment, announces today the arrival of two new partners, Gabriel Laurin and Olivier Goulet, who will take over from Randy Aucoin, founder of the company, to ensure Artypac’s long-term continuity and future growth. Mr. Aucoin will remain involved with the organization.

Established since 1996, Artypac is a Laval-based company specializing in the design, manufacture, and distribution of automated packaging equipment. The company has been recognized for more than 25 years for the quality, reliability, performance, and durability of its equipment and counts among its customers major players in the food, chemical and pharmaceutical industries in Quebec, the rest of Canada and the United States.

Before embarking on this entrepreneurial adventure, Gabriel Laurin worked for a major Canadian private equity fund and held a management position in one of their portfolio companies. Olivier Goulet is a member of the CPA Order and has held several financial and operational roles in major manufacturing companies in Quebec.

“I am very proud of the position of choice that Artypac has managed to build in the industry over the past 28 years by offering quality equipment and service focused on customer satisfaction, all achieved because of an exceptional team. Now is the time to pass the torch to a new generation that can propel Artypac’s growth in the future,” said Randy Aucoin, Founder and Vice-President.

“From the beginning, we have been impressed by the quality of the Artypac team, the company’s position in its industry and the growth opportunities that are within reach. Based on the company’s solid foundations, Olivier and I want to bring our expertise and experience to drive Artypac’s growth and position the company as a leader in the packaging equipment industry in the future,” said Gabriel Laurin, President of Artypac.

“Artypac is greatly positioned for the future with an experienced, motivated and agile team. As labour shortage is a challenge for all businesses, and this issue will not be solved in the coming years, Artypac offers turnkey packaging solutions to its customers to minimize the effects of this problem on their operations, in addition to allowing them to realize their growth objectives. We want to position ourselves as a partner of choice for our customers, from the analysis of their needs to the delivery of our equipment, and through training and after-sales support. We are proud to join the Artypac team and to have the opportunity to participate in its future growth,” said Olivier Goulet, CPA, Vice-President of Finance and Operations.

The transaction was made possible with the support of Farm Credit Canada, Capital Financière agricole, National Bank of Canada (through the agri-food specialized group) and Société d’Investissement Jeunesse, as well as the other investors.

About Artypac Automation
Established since 1996, Artypac Automation Inc. is a Laval-based manufacturing company specializing
in the design, manufacture, and distribution of automated packaging equipment for SMEs in the food,
chemical and pharmaceutical industries. Vertically integrated, the company manufactures and distributes several products, including vertical form-fill-and-seal machines, horizontal flow wrappers, tamper-evident applicators, combination scales, and volumetric cup-fillers. The company has been recognized in the industry for more than 25 years for the quality, reliability, performance, and durability of its machines and offers after-sales support services to its customers. For more information, visit www.artypac.com

About Farm Credit Canada (FCC)
FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $44 billion. Our employees are dedicated to the future of Canadian agriculture and food. We provide flexible financing, AgExpert management software, information and knowledge specifically designed for the agriculture and food industry. As a Crown corporation, we provide an appropriate return to our shareholder and reinvest our profits back into the industry and communities we serve. For more information, visit fcc.ca.

About Capital Financière agricole (CFAI)
Capital Financière agricole is the only investment fund specializing in supporting the growth of Quebec agri-food companies. Funds held jointly by La Financière agricole du Québec and the Fonds de solidarité FTQ. Since its creation, Capital Financière agricole has invested $46 million in Quebec businesses, creating and maintaining more than 3,000 jobs. For more information, visit www.fadq.qc.ca/en/capitalfinanciere-agricole/cfai-home.

About National Bank of Canada
With $404 billion in assets as at October 31, 2022, National Bank of Canada, together with its subsidiaries, forms one of Canada’s leading integrated financial groups. It has more than 29,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media.

About Société d’Investissement Jeunesse
The mission of the Société d’Investissement Jeunesse (S.I.J.) is to promote entrepreneurship, contribute to economic development and create jobs by helping young entrepreneurs in starting a business. The S.I.J. offers entrepreneurs aged 18 to 40 loans to financially support their business projects, such as starting or acquiring a company. For more information, visit www.sij.qc.ca