Choisy Laboratories Ltd.
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Choisy Laboratories Ltd. - overview
Established
1946
Location
Louiseville, QC, Canada
Primary Industry
Chemicals
About
Choisy Laboratories Ltd. is a Canadian company specializing in hygiene solutions to ensure food safety and community hygiene across various sectors, including food service and healthcare. Founded in 1946, Choisy Laboratories Ltd. operates out of Louiseville, Canada, providing hygiene solutions tailored for the food safety sector.
The company was acquired by Kersia Group in July 2019 from the Trudeau family, Alberta Teachers' Retirement Fund, and Champlain Financial Corporation, although the financial terms were not disclosed. The firm has completed a total of 2 deals since inception, with the most recent deal occurring on July 18, 2019. Choisy Laboratories Ltd. specializes in a comprehensive suite of hygiene solutions aimed at ensuring food safety and community hygiene.
Their offerings include innovative cleaning and sanitizing products tailored for the food and beverage sector, as well as solutions for maintenance in automotive, transportation, and healthcare. Key products include high-performance disinfectants, eco-friendly hand cleansing lotions, and advanced detergents for professional laundry care, operating across Canada, the United States, and select regions in Europe. Choisy Laboratories Ltd. generates revenue primarily through B2B partnerships with commercial clients in the food service and hygiene sectors.
Clients enter contracts for customized hygiene programs that include the supply of cleaning products and ongoing support services. Notable products like the concentrated heavy-duty degreasing cleaner SURF MULTI PLUS 7508 and the no-rinse sanitizer QUAT-F RTU are key revenue contributors, ensuring compliance with health regulations while enhancing operational safety. Following its acquisition by Kersia Group, Choisy Laboratories Ltd. plans to leverage recent funding to enhance its product offerings and expand its market presence.
The company is focusing on the development of new hygiene solutions aimed at the food safety sector. Additionally, there are plans to enter new markets, specifically targeting expansion into regions across North America and Europe by the end of 2023. Recent funding from the acquisition will support these initiatives, aligning with the company’s strategic goals.
Current Investors
Ardian, Kersia SAS
Primary Industry
Chemicals
Sub Industries
Biotechnology, Commodity Chemicals
Website
www.choisy.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Choisy Laboratories Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Choisy Laboratories Ltd. | - | ||||||||
| Buyout | Completed | Choisy Laboratories Ltd. | - |
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Choisy Laboratories Ltd. - employee data
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