Merger of Leamington label-making firms sets stage for growth
Wednesday, May 11, 2016
The Windsor Star/Miriam Katawazi
Two Leamington label-manufacturing competitors formed a single company Tuesday, promising job growth and expansion.
Caxton Mark Inc. and MGI Ltd. merged to form Caxton Mark/MGI.
Over the past 18 months, the company hired 40 new employees in Leamington. A year from now, the company promises to hit the 100-employee mark.
The merger allows the company to provide an “end-to-end” solution for design, manufacturing and application equipment for the produce industry locally and other industries globally, said John Stubbs, general manager at Caxton Mark.
The merger offers customers solutions for label design, in-house label manufacturing, servicing label applicator equipment and providing broader automation solutions. “It means that we have a combined answer that works together,” said Stubbs.
The company aims to expand their global supply activities from their headquarters in Leamington. Caxton Mark President, Nick Poole said the facility currently exports to over 80 countries.
“Our merger with MGI is one of the several steps being taken by Caxton to ensure we build a solid future for the company in Leamington and provide a significant benefit to our customers, our employees and the community,” Poole said.
At a press conference announcing the amalgamation, the WindsorEssex Economic Development Corporation presented Caxton Mark/MGI with a plaque of appreciation.
“This is a great merger happening in Leamington, it will lead to growth and expansion in this community. Not only are the products exported globally but local growers also use it. It’s a local company producing products locally that are being used locally,” said Rakesh Naidu, interim CEO at the WindsorEssex Economic Development Corporation.
The merger is big news for the Leamington community, said Mayor John Paterson.
“It’s two smaller firms, coming together and deciding to make a larger firm, solidifying their position in the industry that they are in. We are very happy to see these two companies marrying” Paterson said, “With many smaller industries like this opening up, we’ve been building our employment numbers over the last 18 months.”