SOCIETE GENERALE DE FINANCEMENT DU QUEBEC INVESTS $5 MILLION IN BOUCHERIE JEAN-GUY SOUCY INC. - Development capital will help family business pursue its growth plan



    MONTREAL, Nov. 23 /CNW Telbec/ - Société générale de financement du
Québec (SGF) has concluded with Boucherie Jean-Guy Soucy Inc. (Soucy) a
partnership involving a $5-million investment.
    Soucy is a family company that processes meat for the supermarket and
food-services industries. Since its founding in 1976 and the establishment of
its first plant in the L'Acadie district of Saint-Jean-sur-Richelieu, Soucy
has been known for its very high standards of quality and flexible response to
customer needs. This ability to adapt has earned it recognition from large
retail banners and restaurant chains as a reliable supplier of processed meat
products.
    SGF's investment has enabled Soucy, among other things, to finance the
construction of a new meat-processing plant in Saint-Jean-sur-Richelieu and to
acquire two production lines for the slicing of delicatessen meats and two
lines for the manufacture of precooked products. In this way, SGF is
supporting the growth plan adopted by Soucy, while enabling the company to
develop new markets.
    The plant's construction phase created 39 direct and indirect jobs, while
its operation will create a total of 263 direct and indirect jobs, all in the
Richelieu region. These jobs represent a payroll of $8.2 million and tax
revenues of $2.4 million for the Québec government.
    "SGF's investment enables us to meet rising demand while targeting new
customers. SGF's experts understand our needs and expansion objectives. We can
therefore increase our market share in Québec and the other provinces," stated
Pierre Soucy, General Manager of the company.
    SGF President and General Manager Pierre Shedleur said he was proud of
the partnership concluded with Soucy. "This investment reflects SGF's
determination to help well-managed Québec companies carry out their
development plans. We're impressed with the expertise and passion of Soucy's
managers, who have always been able to adapt their business to make the most
of market opportunities."

    About Soucy

    Boucherie Jean-Guy Soucy inc. opened in June 1976. At that time, the
company, located in L'Acadie, near Saint-Jean-sur-Richelieu, was involved
exclusively in retail sales. The founders, Jean-Guy and Jacqueline Soucy,
quickly saw that their expertise would give them an advantage on the wholesale
and food-services markets too.
    In 30 years, what was originally a regional business has become a
leading-edge company supplying major supermarket chains with
primary-processing, value-added and private-label products. In doing so, it
has won the trust of companies across Canada and the United States.
    Pierre and Nathalie Soucy took over from their father in 2004 after
gaining 24 years of experience with the company.

    www.viandessoucy.com/index.htm

    Société générale de financement du Québec (www.sgfqc.com), an industrial
and financial holding company, has a mission to carry out economic development
projects, with emphasis on the industrial sector, in co-operation with
partners and on standard profitability conditions, in accordance with the
economic development policy of the Québec government.

    Source:

    Marie-Claude Lemieux
    Senior Adviser
    Communications and Media Relations
    Société générale de financement du Québec
    (514) 876-9368
    mclemieux@sgfqc.com
    -%SU: AGR,TAX
    -%RE: 68




For further information:

For further information: Marie-Claude Lemieux, Senior Adviser,
Communications and Media Relations, Société générale de financement du Québec,
(514) 876-9368, mclemieux@sgfqc.com

Organization Profile

SOCIETE GENERALE DE FINANCEMENT DU QUEBEC

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890