Support and funding for Acier Québec-Maritimes: The Fonds régionaux de solidarité FTQ Bas-Saint-Laurent invests $1M for the sustainability of a Lower Laurentian flagship

RIVIÈRE-DU-LOUP, QC, Feb. 1, 2016 /CNW Telbec/ - Since its inception 45 years ago, J.M. Bastille Acier neuf, has become a leader within the trade and distribution sectors of ferrous and non-ferrous new metals. In 2012, Mr. Jean-Claude Chouinard took over the reins of this J.M. Bastille division business with a clear mission: to accelerate the company's development in Eastern Quebec and New Brunswick.

In 2015, Mr. Chouinard, a lower laurentian native, decided he wanted to take over the new metals enterprise he was running for the past 3 years. In order to support this transaction, the Fonds régionaux de solidarité FTQ Bas-Saint-Laurent and the local solidarity fund managed by the Local Development Centre (CLD) of the Rivière-du-Loup region invested 1 million dollars in this new metals industry leader. From now on, the company will be known as Acier Québec-Maritimes. The other activities of J.M. Bastille will continue to be operated by the Bastille family.

"The support and funding of the Fonds régionaux de solidarité FTQ and other financial partners allows me to continue serving small, medium, and large companies of the region, like Premier Tech, but also allows me to serve Eastern Quebec and continue developing the Maritimes", said Mr. Chouinard.

"The sustained growth of the company during the course of the last few years testifies to the profound knowledge Mr. Chouinard has within the new metals purchase and sale industry. With a strong team and customer service, and unique delivery hours, the future looks bright for Acier Québec-Maritimes", concluded Mr. Marc Cayouette, regional director of the Fonds régionaux de solidarité FTQ Bas-Saint-Laurent.

About the Fonds régionaux de solidarité FTQ

An Integral part of the Fonds de solidarité FTQ network, the Fonds régionaux (regional funds) actively participates in the economic growth of each region of Québec. As of December 31st 2015, the Fonds régionaux portfolio had 396 corporate partners, which accounted for 306.4 million dollars of investments within projects totaling 1.3 billion dollars - bringing the total number of jobs created, maintained or saved to more than 17,800. For more information, please visit the the following website: www.fondsreg.com

 

SOURCE Fonds de solidarité FTQ

Image with caption: "Jean-Claude Chouinard of Acier Québec-Martimes, and Christian Noël of the Fonds régionaux de solidarité FTQ Bas-St-Laurent (CNW Group/Fonds de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160201_C1157_PHOTO_EN_610012.jpg



For further information: Information for journalists only: Patrick McQuilken, Fonds de solidarité FTQ, Telephone: 514 850-4835, Cellphone: 514 703-5587, Email : pmcquilken@fondsftq.com; Information for Fonds de solidarité FTQ shareholders: Shareholder Services, Fonds de solidarité FTQ, Montréal : 514 383-3663, Québec : 418 628-3663, Toll-free : 1 800 567-3663


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