businessNOW™ is the most comprehensive weekly round-up of business and organizational news and events from Peterborough and across the Kawarthas.
This week’s top story is the acquisition of Peterborough-based McCloskey International by Finnish company Metso for $420 million.
Also featured this week: Peterborough’s healthy dessert company Chimp Treats’ Nicecream is featured by Loblaw and Sobeys, the Lindsay & District Chamber of Commerce announces the winners of its Excellence Awards, Tim McClure receives Fleming College’s 2019 Alumnus of Distinction Award, and the City of Peterborough recognizes organizations and volunteers with its 2018 Civic Awards.
New regional events added this week include Community Futures Peterborough hosting a job mixer for manufacturing and trade employers in Peterborough on June 20th, the Lindsay & District Chamber of Commerce hosting a member breakfast meet-up in Lindsay on June 26th, the Peterborough Chamber hosting an employee termination seminar in Peterborough on June 26th, the Kawartha Chamber postponing its Stoney Lake boat cruise until July 4th, and the Innovation Cluster hosting a public open house in Peterborough on July 26th.
Peterborough-based McCloskey International acquired by Finnish company Metso for $420 million
Finnish industrial machinery company Metso has signed an agreement to acquire McCloskey International, a Canadian mobile crushing and screening equipment manufacturer located just east of Peterborough, for $420 million.
Metso, which announced the deal in a release last Monday (June 10), is headquartered in Helsinki, Finland. The company provides technology and services for the mining, aggregates, and oil and gas, recycling, pulp and paper, and other process industries. The company employs more than 14,000 people in more than 50 countries and had sales of 3.2 billion Euros ($4.8 billion) in 2018.
In a release, Metso stated it has acquired McCloskey to expand its offerings in the global aggregates industry and to strengthen its customer reach, especially to general contractors. In 2018, the global construction aggregates market was valued at around $483 billion.
“This acquisition is in line with Metso’s profitable growth strategy,” says Metso president and CEO Pekka Vauramo in the release. “It strengthens our aggregates business in key growth areas. The different cycles of aggregates balance our previously more mining focused Minerals portfolio well.”
Metso plans to continue developing the McCloskey brands and distribution channels independently of Metso.
VIDEO: McCloskey International Ltd.
McCloskey International was founded in 1985 by Paschal McCloskey, who left his family farm in Northern Ireland at the age of 26. Originally a custom fabrication and design house, the company developed its line of trommels (machines used to separate aggregates) in the 1980s. In 2004, McCloskey purchased Viper International and developed a new range of vibrating screens. Currently the company produces crushers, screeners, trommels, stackers, and washing systems.
As of the fiscal year ending September 30, 2018, McCloskey International had total assets of $285 million and net debt of $79 million. The company’s sales for the last fiscal year were $464 million and are projected to exceed $500 million by September 2019.
“We are proud of the growth achieved in a competitive market,” says president and CEO Paschal McCloskey. “I know that joining Metso is the right move for all our customers, employees, dealers and business partners. The combination of our unique focus on products and people and Metso’s global resources will help create even better solutions for our customers.”
McCloskey’s head office and 410,000-square-foot manufacturing facility is located at 1 McCloskey Road in Otonabee-South Monaghan, and it operates a secondary facility in County Tyrone in Northern Ireland.
McCloskey employs around 900 people in Canada, the U.S.A., and Northern Ireland. No job losses are anticipated as a result of the acquisition.
The company’s acquisition by Metso is subject to closing conditions, including anti-trust approvals, and is expected to close during the fourth quarter of 2019.
Peterborough’s healthy dessert company Chimp Treats’ Nicecream featured by Loblaw and Sobeys
Peterborough health food company Chimp Treats, which manufactures the Nicecream line of frozen desserts made entirely from fruit, was recently featured in Loblaw flyers across Canada.
In addition, the company has had its first POS (point of sale) banners installed in Sobeys stores.
“Sobeys’ support for Canadian companies and their attention to supplier diversity is creating big opportunities for companies like ours,” writes company founder and managing director Brooke Hammer on Facebook. “It’s a crazy feeling to see your products beside big brands in flyers and on shelves, as well as on POS banners in stores.”
Hammer formed Chimp Treats three years ago while she was in her last year at Trent University. The company’s flagship Nicecream product is now available at more than 400 stores coast to coast across Canada. Loblaws began carrying Nicecream in September 2018.
In the Kawarthas, Nicecream is available in select Sobeys, Foodland, Loblaw, Metro, Your Independent Grocers, Joanne’s Place and more in Peterborough, Lindsay, Haliburton, Lakefield, and Fenelon Falls.
The company is also planning to release new branding, including a new logo along with new packaging, in September.
For more information, visit chimptreats.com.
Lindsay & District Chamber of Commerce announces Evening of Excellence award winners
The Lindsay & District Chamber of Commerce hosted its annual Evening of Excellence Awards Celebration Friday, June 7th at Lakeview Arts Barn in Bobcaygeon.
The winners are:
- Marketing Excellence – Kawartha Care Wellness Centre
- Health And Wellness Excellence – Integrated Care Pharmacy
- Youth Excellence – BTW Electronic Parts
- Innovation Excellence – PKA SoftTouch Inc.
- Customer Service Excellence – Fresh FueLL
- Design Excellence – Horizons Family Dentistry
- Employer of the Year – WARDS Lawyers
- New Business of The Year – The Lindsay Advocate
- Not-for-profit Excellence – Soroptimist International of Kawartha Lakes
- Business Leader of the Year – Don Brown of Mariposa Electric
- Citizen of the Year – Claus Reuter
Posted by Jamie Schmale, MP on Thursday, June 13, 2019
Jamie Schmale, Conservative MP for Haliburton-Kawartha Lakes-Brock, recognized the winners (Lindsay native and St. Louis Blues defenceman Vince Dunn) in a statement in the House of Commons last Thursday (June 13).
Tim McClure receives Fleming College’s 2019 Alumnus of Distinction Award
Last Thursday (June 13), Fleming College announced Tim McClure is the recipient of the 2019 Alumnus of Distinction Award, presented to an alumnus who attains outstanding career success and professional achievement.
McClure, who graduated from the college’s recreation merchandising (now sporting goods business) program in 1986, rose to the top of the professional sports marketing business as the vice president of licensed apparel supplier Starter Corporation, working closely with the National Hockey League, Major League Baseball, the National Football League and Canadian Football League, the National Basketball Association, and Hockey Canada.
He also worked as senior director of North America for Luxottica Group in the fashion eyewear industry, and is currently a motivational speaker and business and brand consultant at Tim McClure & Partners.
In 2013, he awarded the prestigious Scotiabank Game Changers Award, and in 2014 received the BMW Hero Award. In November 2018, he was honoured as a Premier’s Award nominee (business category) for outstanding college graduates.
City of Peterborough recognizes organizations and volunteers with Civic Awards
The City of Peterborough recognized 40 individuals (including volunteers and athletes) and organizations at the 2018 Civic Awards presentation at the Peterborough Sport and Wellness Centre last Tuesday (June 11).
The annual awards recognize outstanding achievement and commitment in community service, volunteering, the arts, and local sports.
Community betterment awards were presented to volunteers with Mapleridge Recreation Centre, Activity Haven, Community Care Peterborough, the Mount Community Centre, the Peterborough Folk Festival, the Art Gallery of Peterborough, and Trent Valley Archives.
Environmental stewardship/sustainability awards were presented to the Endeavour Centre, Kawartha World Issues Centre, and Peterborough Pollinators.
Kawarthas Northumberland Tourism hosts annual partner meeting in Keene on June 18
Kawarthas Northumberland Tourism is hosting its annual partner meeting from 1 to 4:30 p.m. on Tuesday, June 18th at Elmhirst’s Resort (1045 Settlers Line, Keene).
Open to active Kawarthas Northumberland Tourism partners whose tourism businesses reside within the region, the meeting provides the opportunity to meet board members, staff, ministry representatives and advisors, and to network with other tourism operators.
Dr. Nancy Arsenault, co-founder of the Tourism Cafe in British Columbia and an expert on experiential travel, will be the guest speaker.
The event is free, but registration is required at eventbrite.com/e/kawarthas-northumberland-annual-partner-meeting-2019-tickets-60306103178. Registration closes at 12 p.m. on Friday, June 14th.
Cornerstone Family Violence Prevention Centre holds annual general meeting in Cobourg on June 18
Northumberland’s Cornerstone Family Violence Prevention Centre is holding its annual general meeting at 6 p.m. on Tuesday, June 18th in the Rotary Room at Cobourg Public Library (200 Ontario St., Cobourg).
Among other business, Dr. Mavis Morton of the University of Guelph will be presenting a final report on prevention best practices that she can her fourth-year Violence and Society class have prepared for Cornerstone.
Refreshments are at 6 p.m. followed by the meeting at 6:30 p.m.
If you plan on attending, please RSVP by emailing firstname.lastname@example.org by 4 p.m. on Tuesday, June 11th.
Artspace holds its annual general meeting in Peterborough on June 18
Artspace is holding its annual general meeting at 7 p.m. on Tuesday, June 18th in the main gallery at Artspace (378 Aylmer St. N., Peterborough).
The agenda will include a review of the previous year’s operations, including highlights from exhibitions and programming, as well as a presentation of the centre’s audited financial statements.
Artspace will also seek nominations for new members for its board of directors. While Artspace encourages all members of the public to attend, only members in good standing are eligible to participate in voting and run for a position on the board.
To become a member or renew your membership, visit artspace-arc.org/product/artspace-membership/ online please click here.
The meeting will be held in a physically accessible space.
Peterborough DBIA breakfast network with Stacey Brandon and Nicholas Brandon in Peterborough on June 19
The Peterborough Downtown Business Improvement Area (DBIA) is hosting its next breakfast network meeting from 7:30 to 8:30 a.m. on Wednesday, June 19th at Empress Gardens (131 Charlotte St., Peterborough).
Guest speakers Stacey Brandon and Nicholas Brandon of RBC will talk about succession planning for small businesses.
Breakfast begins at 7:30 a.m. with the guest speakers at 8 a.m.
The event is open to everyone. Tickets are $5 at the door.
Kawartha Lakes Community Futures Development Corporation holds its annual general meeting in Lindsay on June 19
Kawartha Lakes Community Futures Development Corporation will hold its annual general meeting on Wednesday, June 19th.
The meeting takes place from 4 to 5 p.m. in the Victoria Room at City of Kawartha Lakes City Hall (26 Francis St., Lindsay).
You can learn more about the services the organization provides throughout the City of Kawartha Lakes and its activities and future goals.
Peer lending for women information sessions in Peterborough and Buckhorn on June 19 and 20
Paro Centre For Women’s Enterprise, a not-for-profit social enterprise, is hosting two information sessions in June on its peer lending circles, a micro-finance program for women.
Peer lending circles are small groups of like-minded women who meet regularly to share their experiences, offer advice to each other, and expand their individual and shared contact networks. Members also provide peer loans between $500 and $1,000.
The sessions take place from 6:30 to 8 p.m. on Wednesday, June 19th at Tiny Greens (431 George St. N., Peterborough) and from 2 to 3:30 p.m. at Lock Stop Cafe (1919 Lakehurst Rd., Buckhorn).
For more information, contact Pat at Community Futures Peterborough at email@example.com or 705-745-5434.
Peterborough & the Kawarthas Business Advisory Centre hosts marketing and sales workshop in Peterborough on June 20
The Business Advisory Centre of Peterborough & the Kawarthas Economic Development is hosting “Marketing and Sales” from 9:30 to 11:30 a.m. on Thursday, June 20th in the lower-level boardroom at VentureNorth (270 George St. N., Peterborough).
Part of the centre’s Business Fundamentals Workshop series, the session is designed to provide a robust structure so you can create your own marketing, sales, and customer relations strategy. It will cover the importance of customer segmenting and target market, what makes an effective online and offline marketing strategy, marketing tactics to consider and include in your strategy, online marketing tools, and acquiring clients and tracking customer interactions.
The workshop is free, but registration is required at peterboroughed.ca/event/business-fundamentals-marketing-and-sales/.
Community Futures Peterborough hosts job mixer for manufacturing and trade employers in Peterborough on June 20
Community Futures Peterborough is hosting a “job mixer” for employers in the trades and manufacturing sectors from 3 to 6 p.m. on Thursday, June 20th at VentureNorth (270 George St. N., Peterborough).
This is an opportunity to meet a future job candidate and qualify for up to $10,000 in funding to hire and train a new employee.
for more information and to sign up, contact Heather Stephenson at 705-745-5434 or firstname.lastname@example.org.
United Way Peterborough holds annual general meeting in Peterborough on June 24
The United Way Peterborough is holding its annual general meeting from 5 to 6:30 p.m. on Monday, June 24th at Showplace Performance Centre (290 George St. N., Peterborough).
The meeting will showcase the recipients of the 2019 Neighbourhood Fund, which provides small one-time grants to support informal groups of people who are working together to improve their neighbourhood or demographic community within the city and county of Peterborough.
To RSVP, call 705-742-8839 x21 or email email@example.com.
Peterborough & the Kawarthas Business Advisory Centre hosts business planning workshop in Peterborough on June 25
The Business Advisory Centre of Peterborough & the Kawarthas Economic Development is hosting “Business Planning” from 2:30 to 4:30 p.m. on Tuesday, June 25th in the lower-level boardroom at VentureNorth (270 George St. N., Peterborough).
Part of the centre’s Business Fundamentals Workshop series, the session is designed to give you a strong foundation in business planning and to demonstrate the importance of a comprehensive business plan. The workshop will also share tools available for creating a business plan and top tips for creating a plan ready to share with banks and funding agencies to secure financing.
The workshop is free, but registration is required at peterboroughed.ca/event/business-fundamentals-business-planning-6/.
Lindsay & District Chamber of Commerce hosts member breakfast meet-up in Lindsay on June 26
TheLindsay & District Chamber of Commerce is hosting its next member-to-member (M2M) breakfast meet-up from 8 to 9 a.m. on Wednesday, June 26th at Smittys Family Restaurant (370 Kent St., Lindsay).
Bring your business cards and chat with other like-minded people while enjoying breakfast. Each attendee has the opportunity to introduce themselves and their business or organization.
No registration is required, and just order what you want and pay for what you order.
Peterborough Chamber hosts employee termination seminar in Peterborough on June 26
The next Peterborough Chamber of Commerce Lunch Box Learning seminar takes place from 12 to 1 p.m. on Wednesday, June 26th at the Chamber’s boardroom (175 George St. N., Peterborough).
Ryan Simms, business development manager of Peninsula Canada, will speak on the dos and don’ts of employee termination.
The seminar is free to attend for members of the Chamber and members of the Women’s Business Network of Peterborough. Bring your own lunch.
To register, visit peterboroughchamber.ca.
Peterborough DBIA holds its 2019 annual general meeting in Peterborough on June 26
The Peterborough Downtown Business Improvement Area (DBIA) is holding its 2019 annual general meeting at 5:30 p.m. on Wednesday, June 26th in the Nexicom Studio at Showplace Performance Centre (290 George St. N., Peterborough).
Networking begins at 5:30 p.m. with the meeting beginning at 6 p.m. Everyone is welcome to attend the meeting, although only DBIA members can vote.
Community Futures Peterborough holds annual general meeting in Peterborough on June 27
Community Futures Peterborough is holding its annual general meeting from 11 a.m. to 1 p.m. on Thursday, June 27th at the Peterborough Rugby Club (725 Armour Rd., Peterborough).
The event, which also features a community BBQ, will include the announcement of the winner of Community Futures Peterborough’s ignite100 entrepreneurial competition, from among the three finalists: Goodwin Metals, Cottage Toys, and Cambium Inc. The winner receives a $100,000 three-year interest-free loan, with no payments in the first year.
The meeting is free and open to everyone. To RSVP, visit www.eventbrite.ca/e/annual-general-meeting-tickets-56671827963.
Hospice Peterborough holds annual general meeting in Peterborough on June 27
Hospice Peterborough is holding its annual general meeting from 6:30 to 8:30 p.m. on Thursday, June 27th at McDonnel Activity Centre (577 McDonnel St., Peterborough).
The meeting will be followed by a celebration of Hospice Peterborough’s volunteers.
To RSVP, call 705-742-4042 or email firstname.lastname@example.org.
Kawartha Chamber hosts a Stoney Lake boat cruise on July 4
The Kawartha Chamber of Commerce and Tourism’s next Business After Hours event features boat cruise on Stoney Lake from 4:30 to 7 p.m. on Thursday, July 4th at Stoney Lake Cruises (610 Mount Julian – Viamede Rd., Woodview).
Participants will board at 4:30 p.m. and the cruise will happen from 5 to 7 p.m. (rain or shine).
Appetizers will be provided by Burleigh Falls Inn (email email@example.com if you have any dietary restrictions).
Tickets are $20 for Chamber members and $30 for non-members. Register at business.kawarthachamber.ca/events/details/stoney-lake-boat-cruise-with-the-kawartha-chamber-10422.
Note: This event has been rescheduled from June 20th due to high water levels on the Trent Severn Waterway has said the water levels.
Summer Company Staples Day in Peterborough on July 10
Students participating in the Summer Company program will be showcasing their businesses on Wednesday, July 10th at Staples Peterborough (109 Park St. S., Peterborough).
Ontario’s flagship youth entrepreneurship program, Summer Company provides students aged 15 to 29 an opportunity to open and operate their own business during summer break. Peterborough & the Kawarthas Business Advisory Centre has partnered with the program since 2001.
The 2019 program is currently underway, with seven students at the high school and post-secondary levels getting ready to start their first business. Students are in the process of receiving a grant of $1,500 from the Ontario government to spend towards their start-up expenses.
Summer Company Staples Day not only provides students with the opportunity to showcase their businesses to the public, but provides them with experience in networking, advertisement, and communicating their brand to the community.
All are welcome to attend. More information will be provided closer to the date of the event.
Innovation Cluster hosts open house in Peterborough on July 26
Innovation Cluster Peterborough & the Kawarthas is hosting an open house from 10:30 a.m. to 1 p.m. on Friday, July 26th at VentureNorth (270 George St. N., Peterborough).
Member of the public are invited to attend to find out more about the Innovation Cluster.
More information will be available closer to the date of the event.
For more business-related events in the Kawarthas, check out our Business Events column.