TORONTO, March 3,
2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX:
AND) ("AHG" or the "Company") today announced that it has entered
into a joint venture (the "Joint Venture") to combine its packaging
subsidiary, Nova Pack Ltd. ("Nova Pack"), with NowPac Inc.
("NowPac"), a privately-owned, Toronto-based company specializing in contract
packaging services for the healthcare sector. The Joint Venture,
which is owned 50% by Accuristix Inc. ("Accuristix"), a subsidiary
of AHG, and 50% by an entity controlled by NowPac owners
Kris Calder and Andrina Calder, together, is expected to
provide customers with contract packaging solutions that
leverage technology, automation, AHG's coast-to-coast healthcare
supply chain network in Canada and
65 years of combined contract packaging experience. The Joint
Venture will be led by Kris Calder,
President of NowPac. The financial terms of the transaction were
not disclosed. AHG expects the Joint Venture to be immediately
accretive to cash flow and earnings per share.
Established in 1988, NowPac is a leader in delivering expert
contract packaging, display assembly and re-packaging solutions for
the healthcare sector, providing speed to market and scalability on
demand, enabled by technology and automation. Since 1990,
Nova Pack has partnered with
healthcare companies to provide packaging assembly and secondary
packaging services. NowPac's technology and automation
solutions provide the Joint Venture with packaging scalability to
address a broader range of customer demand. AHG's strength in
healthcare logistics and distribution management through
Accuristix, combined with its national supply chain network in
Canada, positions the Joint
Venture to provide flexible solutions that optimize the supply
chain for healthcare customers.
"NowPac is highly regarded by our shared healthcare customers.
Its focus on quality and compliance, coupled with a long track
record of successfully delivering scalable, innovative solutions to
market, makes NowPac an attractive strategic partner for us to
drive growth in our packaging operations, while also providing the
opportunity to add volume to our logistics and distribution, and
transportation networks," said Michael
Andlauer, Chief Executive Officer of AHG. "Through our Joint
Venture, we will provide customers with access to enhanced services
and value."
"Joining forces with AHG's specialized transportation and
healthcare logistics network is a game-changer and will enable us
to increase efficiency in end-to-end supply chain solutions for our
customers," stated Kris Calder,
President of NowPac. "Our shared values of integrity,
accountability, collaboration and empowerment will support our
integration and form an essential foundation for sustaining our
commitment to excellence and continued growth."
About NowPac
With over 30 years of experience, NowPac delivers expert
contract packaging solutions for Consumer Packaged Goods and
Consumer Healthcare companies, ensuring compliance with Health
Canada and FDA regulations. For more information on NowPac, please
visit: www.nowpac.com
About AHG
AHG is a leading and growing supply chain management company
offering a robust platform of customized third-party logistic
("3PL") and specialized transportation solutions for the healthcare
sector. The Company's 3PL services include customized logistics,
distribution and packaging solutions for healthcare manufacturers
across Canada. AHG's specialized
transportation services in Canada,
including air freight forwarding, ground transportation, dedicated
delivery and last mile services, provide a one-stop shop for
clients' healthcare transportation needs. Through its complementary
service offerings, available across a coast-to-coast distribution
network, AHG strives to accommodate the full range of its clients'
specialized supply chain needs on an integrated and efficient
basis. The Company also provides specialized ground transportation
services, primarily to the healthcare sector, across the 48
contiguous U.S. states. For more information on AHG, please visit:
www.andlauerhealthcare.com
Forward Looking Information
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws,
including statements regarding the anticipated benefits of the
Joint Venture (including the extent to which it will be accretive
and position AHG for future growth). In some cases, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "targets", "expects", "is expected",
"an opportunity exists", "budget", "scheduled", "estimates",
"outlook", "forecasts", "projection", "prospects", "strategy",
"intends", "anticipates", "believes", or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or, "will", "occur" or "be
achieved", and similar words or the negative of these terms and
similar terminology. In addition, any statements that refer to
expectations, intentions, projections or other characterizations of
future events or circumstances contain forward-looking
information.
Statements containing forward-looking information are not
historical facts but instead represent management's expectations,
estimates and projections regarding future events or circumstances.
This forward-looking information is based on our opinions,
estimates and assumptions that, while considered by the Company to
be appropriate and reasonable as of the date of this press release,
are subject to known and unknown risks, uncertainties, and other
factors that may cause the actual results, level of activity,
performance or achievements to be materially different from
those expressed or implied by such forward-looking information,
including but not limited to: the risk that the Joint Venture will
not perform in accordance with expectations; the risk that
Nova Pack and NowPac may not be
efficiently integrated or that synergies will not be realized; and
those other risks discussed in greater detail under the "Risk
Factors" section of our Annual Information Form which is available
under our profile on SEDAR+ at www.sedar.com. If any of these risks
or uncertainties materialize, or if the opinions, estimates or
assumptions underlying the forward-looking information prove
incorrect, actual results or future events might vary materially
from those anticipated in the forward-looking information. Although
we have attempted to identify important risk factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other risk factors not
presently known to us or that we presently believe are not material
that could also cause actual results or future events to differ
materially from those expressed in such forward-looking
information.
There can be no assurance that forward-looking statements
will prove to be accurate as actual outcomes and results may differ
materially from those expressed in these forward-looking
statements. Readers, therefore, should not place undue reliance on
any such forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, AHG assumes no obligation
to publicly update or revise any forward-looking statement, whether
as a result of new information, future events or otherwise.
All of the forward-looking information contained in this
press release is expressly qualified by the foregoing cautionary
statements.
SOURCE Andlauer Healthcare Group Inc.
