Lavergne Industries Inc.

Canaccord Genuity Acts as Exclusive Financial Advisor to Lavergne Industries inc. on its $20 Million Convertible Note Investment from Fondaction.

Canaccord Genuity is pleased to announce that its client, Lavergne Industries inc. (“Lavergne”), a leading circular plastic solutions company, has received a C$20 million investment from Fondaction, in the form of a convertible note.

Lavergne provides reliable circular plastic solutions on an industrial scale to some of the world's largest companies, including HP, Dyson, Keurig, and more. Over the years, Lavergne has developed proprietary technologies that enable it to recycle post-consumer plastic and transform it into value-added plastic resins that are used in the manufacturing of new products, particularly in the fields of consumer electronics, the automotive industry and home appliances. The company also supports its own used plastics recycling ecosystems, including the recycling of ocean-bound plastics in emerging countries such as Haiti, making a further positive local social impact. Lavergne conducts its production activities internationally, in Canada, Belgium, Vietnam and Haiti.

Canaccord Genuity acted as exclusive financial advisor to Lavergne with respect to the convertible note. The Canaccord Genuity team was led by Pierre Fleurent, Oliver Yang, Pierre-Olivier Adam and included Romain Decarie and Gabriel Salonichios from Investment Banking.