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$2.25M investment to expand Biovet

$2.25M investment to expand Biovet

Saint-Hyacinthe Technopole and Biovet announced a $2.25M investment project today, to expand the company’s facilities in the Édouard-Brochu pavilion at the heart of the City of Biotechnology.

The money will go toward building two new spaces totalling nearly 10,000 square feet, to be used for storage and administration. The space freed up in the existing facilities will house a new analytical laboratory, among other things.

Biovet’s growth over the last several years, particularly the rising demand for its analysis services, has made the expansion necessary. The company’s workforce has grown in a short time and now totals over 70 people, including a dozen scientists. Biovet has an international presence, namely in Europe and North America, thanks to a branch in the United States.

“Saint-Hyacinthe is a prime location for Biovet’s activities. Several of our clients are in the area and we have access to a pool of specialized labour in our field, without forgetting the presence of large institutions with a focus on veterinary and agri-food. We are pleased to consolidate our presence in Saint-Hyacinthe and to count on the Technopole’s unwavering support,” said Biovet’s president, René Lallier.

Saint-Hyacinthe Technopole will play a leading role in the project by investing $1.5M to expand the building, which it owns. 

“We are happy to help Biovet carry out this sizeable project. Biovet was one of the first companies to move into the City of Biotechnology. By investing in the Édouard-Brochu pavilion’s expansion, Saint-Hyacinthe Technopole will be providing this excellent company with the best possible conditions for continued growth in our technological park,” said André Barnabé, general manager of Saint-Hyacinthe Technopole.

Biovet provides animal care and agri-food specialists with unique diagnostic expertise. The company runs a CFIA- and USDA-certified laboratory, which offers a complete line of innovative diagnostic services for veterinarians. It is also the only Canadian company to develop, manufacture and market animal health diagnostic kits.

The construction work will start in the next few weeks and should be completed in July. The work will be carried out by Construction RGP Brouillard, using plans drawn up by architect Justin Viens.