Novacap makes major investment in Metro Canada Logistics

MONTREAL, Que.– Novacap, a private equity and venture capital firm, has announced a major investment in Metro Canada Logistics (MCL) group of companies.

“This investment is an element in Metro Canada Logistics’ business plan and will enable the firm to continue to consolidate its leadership position in third-party supply chain management,” stated Mr. Domenic Mancini, Vice President, Novacap Industries.

“At the same time this partnership will provide the resources needed by MCL to complete their service offering and expand their activities in external markets.”

Metro Canada Logistics says it can claim 300 of the blue chip Fortune 1000 companies list for whom the firm manages close to 7 million square feet of premium ambient and temperature controlled warehouse space in its 37 facilities, including locations in Montreal, Toronto, Calgary, Edmonton and Vancouver.

Metro Canada Logistics and related divisions Spectrum Supply Chain Solutions and Dairy Products in Motion provide customized highly engineered supply chain solutions to the Consumer Packaged Goods, Pulp and Paper, Grocery, Confectionary, Dairy Products, Green Coffee Bean and Appliances industries.

“I’m delighted to be associated with the Novacap group. The success of our firm over the years has been made possible by the quality of our employees and their entrepreneurial spirit. Above and beyond the capital that Novacap is investing in us, Mr. Mancini and his team bring with them a wealth of experience. His role will be highly strategic: he will be an active participant in decisions, and will be there to assist us in future development projects,” said Chiko Nanji, President, CEO and founder of Metro Canada Logistics.