FORMOST FUJI ANNOUNCES NEW HEADQUARTERS AND PLANT LOCATIONS

Formost Fuji Corporation, a leading manufacturer of packaging equipment, has purchased a 65,000 square foot building, located in Everett Washington, to house their corporate headquarters and manufacturing facilities. This acquisition is needed to meet the company’s demand for growth and their vision for innovation in the packaging machinery industry.

This building purchase will allow Formost Fuji to expand their manufacturing and assembly floor as well as provide a modern, larger office space for the engineering, sales, service, accounting, and administration departments. The transition planning has already begun, and the move from their current facility in Woodinville, Washington will be completed by mid Q3, 2023.

Dennis Gunnell, President, Formost Fuji states, “We are excited to be able to purchase this beautiful property that will provide our employees with a great space to cultivate a positive work environment while we expand and grow.” Gunnell added that they are taking steps needed to ensure the least amount of interruption to production and accessibility to parts during the transition period, “Formost Fuji’s dedication and support to customers has always been and will continue to be top priority. This new space builds on that premise.”

Abbey Equipment Solutions is the Canadian distributor of Formost Fuji. For more information, visit www. abbeyeqipment.com

About Formost Fuji Corporation

Established in 1964, Formost Fuji Corporation manufactures world class packaging equipment, such as horizontal wrappers and bagging machines. Their team of dedicated and hardworking people are known for designing packaging solutions that are simple, built to last, and value driven. Formost Fuji’s horizontal form-fill-seal machines are custom designed to wrap a wide variety of products while the Formost Bagger is recognized as the most versatile bagging machine in the industry.

https://www.beaconmetals.com

EQUIFAX ACQUIRES PROFILE CREDIT’S FOOD INDUSTRY CREDIT BUREAU

Acquisition Expands the Breadth of Small Business Insights Equifax Can Provide in Canada and Worldwide

Equifax recently announced the acquisition of The Food Industry Credit Bureau, the leading provider of credit information for the food industry in Canada, from Profile Credit. This acquisition expands the breadth of commercial credit insights available to Equifax customers in Canada and worldwide, making differentiated data insights on over 90% of the Canadian food industry available.

"Small businesses are the foundation of the global economy. With this acquisition, we are bringing powerful new insights on businesses in Canada’s food sector to Equifax customers,” said Mark W. Begor, CEO of Equifax. “Strategic, bolt-on M&A is central to the EFX2025 growth strategy as we broaden our capabilities and position Equifax for strong future growth. Profile credit’s Food Industry Credit Bureau is one of 13 acquisitions totaling more than $3.5 billion that Equifax has completed over the past 24 months. We are maximizing our investment in the Equifax Cloud to rapidly integrate acquired solutions into the Equifax portfolio, helping our customers to drive innovation and growth through unique access to our enhanced data, insights and analytics.”