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A group of investors led by NEXCAP Partners, including Desjardins Capital, Fonds de Solidarité FTQ and Fondaction, has acquired a controlling interest in Quebec-based spa equipment maker Gecko Alliance Group. Co-founders remain shareholders and Georges Marchildon was named CEO.
BDG & Associés and the Fonds de solidarité FTQ acquired Plastube Inc., a Granby, Quebec manufacturer of extruded and decorated plastic tubes for cosmetics, pharmaceutical, food and industrial markets. Plastube employs about 130 people.
IPL Inc. acquired Encore Industries Inc., a producer of rigid plastic packaging with three US facilities in Ohio, Georgia and Minnesota, for US$35 million. The deal was made with parent One51 and partners Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ.
