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Nexe Announces Acquisition Of Windsor Property

Jan 27, 2022•over 3 years ago

Acquiring Company

NEXE Innovations

Acquired Company

WINDSOR PROPERTY

Description

NEXE Innovations Inc. ("NEXE" or the "Company"), (TSXV: NEXE) (OTC Markets: NEXNF) (Frankfurt: NX5), a leader in plant-based materials manufacturing, is pleased to announce that it has completed the acquisition of a 54,000 square foot industrial facility strategically located in Windsor, Ontario (the "New Facility"). With the acquisition of the New Facility, the Company is able to significantly expand its production capacity of its proprietary NEXE compostable packaging that not only includes coffee capsules but other form factors. In addition, the Company gains access to a workforce located in Windsor, Ontario, that is highly-skilled with deep experience with injection molding and other manufacturing skills required to support the Company's commercialization and growth plans.

Company Information

Company

NEXE Innovations

About

NEXE Innovations Inc. is a leader in plant-based compostable technology and advanced materials manufacturing based in British Columbia, Canada. The company has developed one of the only patented, fully compostable, plant-based, single-serve coffee pods for use in leading single-serve coffee machines. The proprietary NEXE pod is designed to reduce the significant environmental impact caused by single-serve pods, >50 billion of which are discarded every year. With over $60M raised to date from equity and government funding and over five years of R&D, NEXE is well-positioned to meet the growing demand for environmentally friendly and sustainable products in the single-serve coffee sector and beyond. Learn more: https://nexeinnovations.com/

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed