Purchases under the NCIB will be made through the facilities of the TSX and/or alternative Canadian trading systems in accordance with applicable regulatory requirements, during the twelve-month period commencing on December 23, 2020 and ending on or before December 22, 2021. The average daily trading volume of the common shares on the TSX for the six calendar months ending November 30, 2020 was 344,426 common shares. On any given trading day, ATS will not purchase more than 25% of such average daily trading volume, representing 86,106 common shares, except where such purchases are made in accordance with available block purchase exemptions. The common shares purchased under this NCIB will be cancelled.
Some purchases under the NCIB may be made pursuant to an automatic purchase plan that has been entered into between ATS and its broker. This plan will enable the purchase of ATS common shares when ATS would not ordinarily be active in the market due to internal trading blackout periods, insider trading rules, or otherwise.
ATS believes that there are times when the market price of its common shares may not reflect their underlying value and that the purchase of shares by ATS will both provide liquidity to existing shareholders and benefit remaining shareholders. The NCIB is viewed by ATS management as one component of an overall capital structure strategy and complementary to its acquisition growth plans.
The NCIB follows the Company’s normal course issuer bid for the 12 months ended December 22, 2020 (the “2020 NCIB”). Under the 2020 NCIB, the Company had obtained approval to purchase up to 5,134,930 common shares. The Company’s 2020 NCIB began on December 23, 2019 and ended on December 22, 2020. Within the past 12 months, under the 2020 NCIB the Company repurchased through the facilities of the TSX and alternative Canadian trading systems, and cancelled, 812,296 common shares at a weighted average purchase price of $16.55 per common share.
ATS is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 4,200 people at 20 manufacturing facilities and over 50 offices in North America, Europe, Southeast Asia and China. The Company’s shares are traded on the Toronto Stock Exchange under the symbol ATA. Visit the Company’s website at www.atsautomation.com.
Certain information contained in this press release may constitute forward-looking information under applicable securities laws, including statements related to ATS’ intentions with respect to the NCIB and purchases thereunder and the effects of repurchases under the bid. Forward-looking statements, by their very nature, involve inherent risks and uncertainties and are based on several assumptions, both general and specific. Much of this information can be identified by looking for words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words. Purchases made under the NCIB are not guaranteed and may be suspended at the discretion of ATS’ Board of Directors. Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. ATS assumes no obligation to revise or update forward looking statements to reflect new circumstances, except as required by law.
For more information, contact:
Shereen Zahawi, Director Investor Relations
This has led to an increase in sales for convenience products, such as ready-bake mixes, in the food industry, among other items. The US food manufacturer General Mills increased its sales of flour and baking mixes by 75% during the American lockdown.
THE BAKING CRAZE TOOK OFF BEFORE CORONA...
The baking craze might have ramped up during the pandemic, but the trend for home baking goes back further. One reason behind this is the desire for healthier food and the desire to use high-quality ingredients. If you bake your own bread, you have complete control of what’s in it. Baking mixes in particular offer amateur bakers an easy way to get into baking. Here, consumers who don’t have a lot of spare time are the most significant target group here. Singles, parents and students love biscuits, bread and cakes that are quick to prepare and almost foolproof to make.
People with allergies or food intolerances and/or coeliac disease can use gluten-free baking mixes made from corn, rice or buckwheat. Vegan baking mixes that contain no animal ingredients whatsoever and instead use vegetarian gelling agents and plant fats such as margarine are found more and more frequently in retail.
The population’s passion for baking is also demonstrated by the steady stream of new baking programmes, baking magazines, blogs and numerous social medial channels on Pinterest, Instagram and Facebook with unique recipe ideas which chime in with the baking trend. In addition, baked goods manufacturers such as Oetker are hopping on the baking bandwagon, with more acting as publishers and bringing out recipe books to provide inspiration for baking.
Sufficient baking inspiration is also provided at the point of sale, for example via seasonal baking mixes like the “Winter Plum Cake” mix, with Christmas spices from Oetker. This is because baked goods manufacturers and retailers have recognised that consumers can generally be tempted into baking by attractive and high-quality baked goods packaging positioned directly in shops at the point of purchase. Due to the demographic change, the packaging units and associated baking tins in the convenience baking product ranges are also becoming smaller.
THE ADVENT SEASON IS THE PRIME TIME FOR COOKING
As the colder seasons sweep in, many households start to bake more and Christmas spices are available in baking ranges before advent. Whether you bake to give yourself a treat or to share goodwill with your fellow men, biscuits are a popular advent mainstay for many in the run-up to Christmas. The motto here is the more colourful, the better. Baked goods manufacturers offer their customers a wide variety of decorative ingredients to trim their biscuits and cakes. Ready-made biscuit sets are also in at the minute. Cutters and recipe suggestions or christmassy jute bags, a sustainable form of festive packaging, are also contained in the patterned biscuit tins or vintage tins, along with the baking ingredients.
For many, November marks the start of the month-long tradition embraced by millions of men around the world: No-Shave November or Movember. This was created as a way to raise awareness & evoke conversation around cancer & men’s health awareness and has turned into a global tradition, where all are invited to let their moustaches or beards grow out for a good cause.
With the shift to work from home, men have embraced facial hair for the long term. Even if they cannot show off their beards due to facemask regulations, they are focusing on caring for their facial hair and skin. In a recent report, trend analysts at Spate noted that search volume for keywords like “dry skin under beard” are up +10.5% year-over year, and beard kits have shown a +26.5% increase in searches. There is also a +16.3% increase in searches for “beard dye” over the same period. Mintel shared in their 2020 Year of Innovation in Men’s Grooming Report, that 37% of men’s facial skincare & 22% of men’s haircare product launches referenced beards.
This presents brands with the opportunity to innovate on grooming products that focus on soothing skin or multi-benefit formulas that have the ability to clean the face, beard, scalp, & body in one convenient package. Sustainability is also something important to consumers. Mintel states that clean beauty & eco-friendly claims remain top of mind despite the pandemic. 16% of personal care product users in the US are willing to pay more for eco/socially responsible products. Moreover, Industry Intelligence states a recent Gillette global study found that 54% of men care about sustainability more due to the pandemic**. Utilizing Post-Consumer Recycled Resin is an excellent way to spur the conversation around sustainability while reducing a brands’ environmental impact.
Aptar Beauty + Home offers an extensive portfolio of stock Post-Consumer Recycled Resin closures capable of aligning with the convenience trends seen in men’s grooming. From thick viscosity formulas like beard shampoo & conditioner, to thinner viscosity formulas like beard oil, the stock range of PCR closure solutions offers flexibility for brands seeking an eco-friendly approach.
Brands looking for a solution capable of dispensing formulas like beard shampoos & conditioners can purchase Aptar’s 22-400 and 28-400 Simplicity closures, which provide the benefit of a cohesive family look for both full and travel size products.
For formulas like beard softeners or facial lotions, the Symphony Oval closure offers a comfortable & familiar experience with a stand-out shelf presence. The closure pairs well with Aptar’s 70mm Symphony Jar Lid, ideal for much thicker formulas like beard balm. Both solutions offer a cohesive product family aesthetic while offering the same convenience and ease of use.
AD*STAR® is the renowned block bottom sack made without adhesives from coated polypropylene fabric – patented worldwide by Starlinger and made exclusively on Starlinger machines. The sack can be produced either as a one-layer block bottom valve bag or as an open mouth bag with a block bottom. It surpasses all comparable products as far as resistance to breakage is concerned, is versatile and also eco-friendly and economical.
Open mouth or valve sack
With or without perforation
UV Protection: 200 to 1600 hours
Denier : 400 & above
Width: 350 to 600 mm
Length: 450 to 910 mm
Bottom Width: 80 to 180 mm
Colors: As specified by the customer
Capacity: As specified by the customer
Printing: Up to 6 colors on one or both sides with corona treatment/ Halftone Printing
With ALKOseal pierce 'n' peel, Meyer Seal - The Sealutions Company, has created a product that is very intuitive to use. The print and the shape of the opening area can be designed according to your requirements.
ALKOseal pierce ‘n’ peel has a distinctive opening feature
With ALKOseal pierce ‘n’ peel, Meyer Seals has created a two piece induction liner with a unique feature. The membrane of ALKOseal pierce ‘n’ peel consists of an additional PET layer where a highly accurate laser cuts the opening perforation design.
The aseptic packaging market is estimated to grow at a CAGR of 10.89%, from $39.6 billion in 2017 to $66.5 billion by 2022. The growth is mainly driven by the rapid expansion of end-use industries such as food & beverage and pharmaceuticals. Primary factors pushing the field upwards are the rising demand for convenience and quality products, a change in consumer lifestyle, the growth of the dairy beverage market. Progress in developing countries inflates the demand for packaged food & beverages as well as natural products such as flavoured milk and juices.
The first customer of the rEPS packaging is French firm Prevor, which is using the material for protecting medical products during shipping. Prevor claims that the rEPS packs enable the elimination of secondary packaging. A project with a manufacturer of cleaning equipment has also started in Germany.
Storopack has a fully integrated rEPS production process, whereby it handles the recycling and production of rEPS beads at its own factories.
Storopack is currently working with two partners in order to put the ‘circular economy’ principle into practice. Customers of a household appliances and consumer electronics retailer are able to return used EPS protective packaging once they have received their goods. This packaging will be forwarded to the company Eco2PR for further processing; finally, Storopack recycles the raw material in a patented process and uses it to produce new protective packaging.
Storopack is the exclusive packaging partner of the French network Réseau National des Recycleurs de Polystyrène expansé (R.N.R.P.), which has set itself the goal of creating an efficient recycling loop for EPS and a sustainable utilisation of this raw material.
Protective packaging made from 100 per cent rEPS is claimed to not only offer an improved carbon footprint, but also the same reliable protection as products in conventional EPS.
The German converter has also signed up to the Recyqualipso corporate initiative in France, which aims to find a way of recycling PS yoghurt pots into rEPS. Recyqualipso was launched in 2019 in France by Valorplast and Syndifrais, and with the financial and technical support of CITEO. In 2019, Storopack made more than 30 per cent of its in-house products using renewable or recycled materials – and is striving to increase this figure to more than 50 per cent by 2025.
Guala Closures signs exclusive agreement with Oceanworks to develop closures made with plastic recovered from the oceans
Luxembourg, 18 December 2020 – Guala Closures Group, the global producer of non-refillable and aluminium beverage closures, has partnered with Oceanworks®, the largest global marketplace for sustainable materials, to develop a range of closures produced using ocean plastics.
Berlin, 17 December 2020 – This week the European Commission’s Scientific Advice Mechanism (SAM) published a report, entitled “Biodegradability of plastics in the open environment”. The report identifies applications of biodegradable polymers which contribute towards achieving a circular economy and tackle the challenge of managing the EU’s waste.
With 70kg of plastics waste generated every year by each French person – half of which is packaging, according to the Heinrich Böll Foundation, Carrefour is keen to promote reusable packaging with a deposit system.
Loop products are available in two Parisian Carrefour shops and will be available in 10 shops by the end of the year. Based on the lessons learned from this pilot project, the initiative will be rolled out more widely in 2021.
A range of everyday products such as Coca-Cola, Nivea, Nutella, and Evian will be sold in durable, refillable packaging. Once the products have been consumed, the customer can return their empty packaging to the shop and get their deposit refunded via a mobile application, via a dedicated collection area, or directly at the checkout.
Once the consumer returns the containers, Loop ensures their collection, sorting and cleaning. The clean packaging is returned to the brands’ to be refilled and then be reused by the next consumer, with each container being reused multiple times.
Minister for ecological transition Barbara Pompili, who visited one of the first Loop par Carrefour stores in Paris this week, said: “The fight against overwrapping must be embodied in everyday life locations. It is essential that large retailers like Carrefour adopt circular economy solutions. This is what will enable us to change at scale. The initiative to reuse packaging via the Loop solution is a step in the right direction.
“Tomorrow, everyone should be able to consume their everyday products in reusable containers. This is how we will meet the objectives of the anti-waste law for a circular economy.”
Carrefour’s chief executive Alexandra Bompard, said: “After our digital experimentation, we are now launching an ambitious phase of the Loop project, which will be rolled out in local shops, and we hope to be able to accelerate its development throughout 2021.”
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