The Fonds de solidarité FTQ supports another Quebec flagship enterprise by investing in Coalision and its Lolë brand
MONTRÉAL, April 23, 2014 /CNW Telbec/ - By teaming up with a consortium of strategic buyers announced today by Coalision Inc., the Fonds de solidarité FTQ is happy to be playing a role in the success of this Québec company which has more than 200 employees and its head office in Montréal. Founded in 1989 and headed by Bernard Mariette, Coalision manufactures and distributes Lolë lifestyle and activewear.
"Like us, the Fonds de solidarité FTQ believes in the international expansion of the Lolë brand and our vision. Their investment is important for our long-term growth", declared Mr. Mariette, CEO of Coalision Inc.
"This deal not only consolidates quality jobs here in Québec – a fundamental aspect of the Fonds de solidarité FTQ's mission – but allows Coalision to continue to grow abroad," said Janie Béïque, Senior Vice-President, Natural Resources, Industries and Consumer Goods, at the Fonds de solidarité FTQ. "This company, which got its start here in Québec, has a bright future thanks to its visionary management team and top-notch employees."
Created in Québec and, still today, entirely designed in Montréal, the Lolë brand is offered in more than 1,700 points of sale throughout the world, in Ateliers Lolë as well as on the brand's website. Coalision has over 200 employees, most of whom work in Longueuil.
"I am thrilled to now include Coalision in our network of partners, a show of confidence in the Fonds by Coalision. This is a partnership that will have a positive impact for Fonds owner-shareholder and Coalision employees," concluded Ms. Béïque.
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of $9.7 billion as of November 30, 2013, the Fonds is a development capital investment fund that channels the savings of Quebecers into investments in all sectors of the economy to help further Québec's economic growth. Its investments, in all sectors of the economy, contribute to the creation and maintenance of businesses and development in Quebec. The Fonds is a partner, either directly or through its network members, in close to 2,400 companies. With its more than 615,000 owner-shareholders, it has helped, on its own or with other financial partners, to create, maintain and protect more than 170,000 jobs. For more information, visit www.FondsFTQ.com.
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