Valstone Enters the Food & Beverage Vertical Through the Acquisition of Matrix Industrial Control System
Montreal, Canada, September 20, 2023 – Valstone Corporation Inc. (“Valstone”), an international software and technology solutions provider for the industrial vertical, is pleased to announce the acquisition of Matrix Industrial Control System, a pioneer in the food industry, based in Brampton, Ontario, Canada since 1977. This acquisition fortifies Valstone’s strategic entry into the Food & Beverage industry.
Matrix’s software solutions provide real-time data, increasing efficiency and throughput, while reducing giveaway and maximizing quality. The end result is a significant boost to the bottom line for businesses in the food sector. Their comprehensive suite covers all facets of food industry operations, from receiving through to shipping, including Product Recall and Traceability Management, Yield Control, and Recipe Management.
“Valstone is absolutely the perfect fit for the future of Matrix. Their enthusiastic team shares the same values that have held the utmost importance to me over the years: our customers and employees. Both have been the driving force in the success and evolution of Matrix” stated Jim Wilson, the driving force behind Matrix Controls for more than 40 years. “Over to Valstone now to take Matrix and our great team to new heights. I’m confident it will happen”.
“We are thrilled to welcome Matrix Controls into the Valstone family. Their expertise in the food industry aligns perfectly with our mission to empower businesses through innovative software solution” stated Steph Manos, President of Valstone. “This acquisition not only expands our portfolio but also opens up new avenues for growth and collaboration. We look forward to working closely with the talented team at Matrix to achieve new milestones”.
Matrix Controls engaged Tequity Advisors as their advisory firm for the transaction.
About Tequity Advisors
Tequity Advisors is a prominent mergers and acquisitions advisory firm specializing in technology-focused transactions. Their core mission is to secure the best outcomes for their clients. With over 15 years of operational excellence and a robust network of industry connections, Tequity has earned a reputation as a trusted leader in the realm of technology-centric M&A advisory. The firm’s unwavering dedication is to assist technology companies in navigating the intricate landscape of mergers and acquisitions, ensuring they make well-informed decisions that fuel growth and optimize shareholder value.
Learn more at: www.tequityadvisors.com
About Matrix Industrial Control Systems
Matrix stands at the forefront of software solutions tailored exclusively for the food industry. Their commitment revolves around enhancing efficiency, increasing throughput, and improving quality, all while reducing waste. The company’s comprehensive platforms empower businesses with real-time data analytics, driving them towards enhanced profitability. Covering every facet of operations, from inbound logistics to final shipping, Matrix’s software suite encompasses Product Recall and Traceability Management, Yield Control, and Recipe Management. With a global clientele comprising industry-leading brands, Matrix Controls offers scalable and user-friendly platforms that are engineered to maximize financial performance.
Valstone has solutions and services that support more than 2,000 organizations throughout the world. We provide technology for heavy construction materials, agriculture, grain, forestry, waste, and recycling industries. The Valstone team is made up of passionate professionals who believe in innovation and service to advance automation in the industries we serve. The diverse and real-world experiences of our team members serving our customers enhance our ability to help customers thrive in a digital world and drive our organization forward.
Valstone was represented internally by Shinjay (Ssin) Choi, Senior Legal Counsel and Ambra Del Busso, Legal Counsel. Matrix was represented by Thomas Manes from law firm McKenzie Lake Lawyers LLP (Ontario, Canada).
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