On November 21, 2024, 9528-0475 QUÉBEC INC. (associated with Amsino International, Inc.) acquired a commercial property located at 7500 Félix-Leclerc Highway in Pointe-Claire for $18.8 million. The transaction is related to Amsino’s acquisition of part of the assets of MedXL, a Quebec-based company specializing in the manufacture of medical devices and pre-filled syringes, which had filed for protection under the Companies’ Creditors Arrangement Act (CCAA) in July 2024.
This acquisition follows Amsino’s strategic move to expand its presence in the medical device manufacturing sector. The purchase of the Pointe-Claire property is likely intended to support the operations acquired from MedXL, strengthening Amsino’s position in the Quebec market and potentially preserving local jobs and manufacturing capabilities.
The transaction highlights the ongoing consolidation in the medical device industry and demonstrates international interest in Quebec’s specialized manufacturing sector, even in the face of financial challenges experienced by local companies.
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