December 2021 – Montreal, Quebec – Canuck Compounders, Inc. of Cambridge, Ontario has been acquired by Montreal-based NanoXplore, a world-leading supplier of high-volume graphene powder for use in industrial markets.
Canuck Compounders, a privately held company that has been producing recycled plastic compounds for 30 years, supplies sustainable and engineered recycled plastic compounds for the transportation, building and construction, agriculture, and packaging markets. Canuck’s manufacturing facility, located in Cambridge, Ontario, has annual production capacity of approximately 40 million pounds.
Dr. Soroush Nazarpour, President and CEO of NanoXplore said, “Canuck maintains strong relationships with recycled plastic suppliers, ensuring a steady and reliable supply of post-consumer and post-industrial recycled plastic. This transaction will strengthen our technical expertise in the formulation of recycled plastic and increase our sales by approximately $20 million per year, not including revenues from the inclusion of graphene.”
William Dickinson, Founding President and CEO of Canuck, who will serve as Managing Director said, “We are delighted to join forces with NanoXplore, given the inherent technological and cultural fit between the two companies.” Dickinson also added, “NanoXplore’s graphene is highly complementary with our recycled plastic compounds and will help create innovative solutions such as masterbatches and improved amalgams. Both management teams are committed to delivering best-in-class products to a large number of growing industries.”
In addition to being a manufacturer and supplier of high-volume graphene powder, NanoXplore also supplies graphene-enriched standard and custom composite and plastic products to a number of customers in the transportation, packaging, and electronics industries, as well as other industrial sectors.
Plastics-focused investment banking firm MBS Advisors of Florence, MA represented NanoXplore in the transaction.
Excerpts from above were taken from NanoXplore’s press release.