SP Industries, Inc (SP), a leading global provider of fill-finish drug manufacturing solutions, lyophilizers, and laboratory equipment and supplies, has announced the appointment of Kevin Sutherby as its new President. Mr Sutherby is a seasoned executive with 15+ years’ experience leading global manufacturing companies, including senior leadership positions at Danaher and Fortive, and most recently as Senior Vice President at Lean Focus LLC, a consulting firm that assists clients in developing and implementing lean solutions.

Cambridge, ON - ATS Automation Tooling Systems Inc. (TSX: ATA) ("ATS" or the "Company"), an industry-leading automation solutions provider, today announced it has entered into a definitive agreement to acquire SP Industries, Inc. ("SP"), a designer and manufacturer of high-grade biopharma processing equipment, life sciences equipment, and lab apparatus products for US$445 million (~C$550 million), subject to customary post-closing adjustments, representing 15.3x SP's trailing 12 month adjusted EBITDA or 11.9x post synergies(1).