C.J. Group Makes Significant Moves
Monday, January 16, 2017
Press release from the issuing company
Jay Mandarino, President & CEO of The C.J. Group of Companies and the management team are proud to share the following announcement.
On Friday January 13th, 2017 at 6 pm we have concluded the sale of our 3 existing buildings totalling approximately 125,000 square feet and 4.5 acres where we are currently operating in Etobicoke.
At the same time, we have purchased the Veritiv facility (formerly Unisource) located at 560 Hensall Circle near Cawthra/Dundas Streets in Mississauga just west of the Etobicoke border. This location will be only 5-8 minutes to the west of our current operations.
The new location is on 8 acres, 2 floors and is approximately 230,000 square feet, we will add another 30,000 square feet and have the ability to expand an additional 50,000 square feet when required. This building has 27" foot ceilings and 300 plus parking spots and will be the largest independently-owned facility for printing & communications in Canada, providing a truly one-stop solution for all clients.
We will now be able to move all our operations into one facility. It will also allow us to have additional space for future growth for acquisitions & mergers.
We are also excited to announce we will be adding full mailing services, a new litho press, a new large format press with full automation and a new digital press.
As well, there will be additional expansion to our bindery, Digital division, Large format division and our new Innovation division.
Our Not-For-Profit indoor Skateboard & Scooter Park will also be expanding, making it one of the largest in the world.
We also have the top 8 Board sports magazines in Canada published through SBC Media which we recently acquired and will move into the new location as well.
We will take possession at the end of May but will be starting renovations at the end of February and will be all moved in by October 1st.
There will be no downtime or interruption to business as we will install the new equipment first and then move our existing operations.
This is one of the most significant expansions for our industry in recent memory!
We were extremely fortunate to have sold all of our buildings at the highest values ever and move to Mississauga to reduce our costs.
With purchase of the new building, renovations and new equipment, we will be investing in excess of 25 million!
Upon completion, we will have reduced our costs and increased our efficiencies making us incredibly competitive!
I want to personally thank all of our wonderful clients, suppliers, partners, staff and my amazing wife who have supported me and our organizations over the past 35 plus years. Without you this would not be possible! I look forward to this new challenge and the opportunities it will bring.
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