Valeant ramps up Canadian growth plan

May 25, 2015

Valeant Pharmaceuticals International Inc. says it will expand its presence in Canada over coming years as the serial acquirer becomes an increasingly weighty presence on the country’s benchmark equity index.

The company is moving manufacturing of 13 products to a plant in Laval, Que., and two or three to a separate plant in Steinbach, Man., with room for further expansion at both facilities, company officials confirmed Thursday.

Valeant also plans to open an office in downtown Toronto. The company’s head count in Canada has tripled over the past five years to about 1,050 people, and it says it expects to hire more people in the future.

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