Topic: How To Invest

Power Growth Investor Hotline – Friday, May 17, 2024

Article Excerpt

ATS CORP., $47.51, is still a buy. The company (symbol ATS on Toronto) provides some of the world’s top manufacturers with factory automation solutions. Founded in 1978, it has over 65 of its own manufacturing facilities and 85 offices in North America, Europe, and Asia. On May 15, 2024, ATS announced the acquisition of Paxiom Group, a provider of primary, secondary, and end-of-line packaging machines in the food and beverage, cannabis, and pharmaceutical industries. The purchase price has not yet been disclosed. With headquarters in Montreal, the Paxiom group includes companies WeighPack Systems, EndFlex, Valtara and Kang-Di. Paxiom’s manufacturing facilities are in: Montreal, Miami, Schio, Italy, and Shanghai, China, as well as an integration centre and showroom in Las Vegas. Paxiom will join ATS’ Products and Food Technology business. Paxiom has been building automated packaging solutions for over 30 years, providing a wide product line that includes precision weigh filling, bagging, wrapping, labelling, conveyors, case forming, robotic case packing and end of line palletizing equipment. All…