Fondaction invests $20 million in Lavergne Industries to enhance its production of recycled plastics in response to growing global demand for sustainable materials.

Target Information

Lavergne Industries Inc. ('Lavergne'), based in Montreal, specializes in developing and producing high-performance resins made from recycled plastics. With over 35 years of experience, Lavergne has established itself as one of North America's leading mechanical plastic recyclers. The company has recently expanded its production capabilities in Montreal and Belgium, positioning itself to strengthen its footprint in an increasingly urgent market.

The resins produced by Lavergne boast a carbon footprint that is 80% to 90% lower than that of virgin resins. Partnering with clients to recycle plastics, Lavergne integrates new materials into their manufacturing processes, effectively creating circular economy circuits.

Industry Overview in Canada

Canada currently faces significant challenges in plastic recycling, with only 9% of plastic waste being recycled. Nevertheless, the increasing environmental regulations in North America and Euro