National Post - Financial Post Magazine

APOLLO HEALTHCARE CORP.

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This Toronto-based manufactur­er of personal care products, such as soaps, skin creams and nutraceuti­cals, says it’s the largest private-label manufactur­er of such products in Canada. It, too, has global aspiration­s, serving customers throughout Central and South America, Mexico, Europe. and Asia. The company was founded in 1991 by Charles and Richard Wachsberg, who are also co-ceos, and was later acquired by Acasta Enterprise­s Inc., a special purpose acquisitio­n corporatio­n. The company went back to its Apollo name in April 2020. Apollo in early May reported first-quarter revenues of $51.1 million, up 10% from $46.6 million a year, but down 40% from the fourth quarter due to inconsiste­nt demand and other impacts related to government-imposed shutdowns. Fun fact: Apollo had the secondhigh­est one-year share-price gain on the Next 50 at 1,282.1%, behind only SOL Global Investment­s Corp., a Toronto-based finance firm focused on the biopharmac­eutical and cannabis industry.

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