FedDev Ontario invests $3M in Dishon

Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced investment of up to $3 million in Dishon Limited, a supplier of complex precision machined components and assemblies for the aerospace industry.

Dishon will receive a FedDev Ontario investment of up to $3 million to expand production at the Vaughan facility and create up to 60 new full-time equivalent jobs – nearly doubling the company’s workforce.

FedDev Ontario investment is leveraging an additional $9 million in other investments, towards a total project cost of $12 million.

“With the support of FedDev Ontario, we will be able to continue our aggressive growth strategy in the global aerospace market and will pursue more complex components and assemblies, generating greater sales and more jobs for Canadians,” said Ilan Dishy, President of Dishon Limited

photo credit: NASA via unsplash

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.