The Quebec Manufacturing Fund L.P. makes its first investment in Fraco Products Ltd. - An initiative of the Caisse de dépôt et placement du Québec



    MONTREAL, Feb. 6 /CNW Telbec/ - The Québec Manufacturing Fund L.P. (QMF),
a partnership sponsored by the Caisse de dépôt et placement du Québec, is
proud to announce that it has invested more than $8 million in Fraco Products
Ltd. This Québec manufacturer specializes in vertical-elevation work platforms
used in the construction industry. It also has applications on projects to
upgrade transportation infrastructures, hydroelectric facilities and mining
infrastructures.
    "We're very pleased with the Québec Manufacturing Fund's involvement in
our Company. With this solid partner, the relationship goes far beyond a
simple financial arrangement. The QMF provides a full range of services that
covers operation and long-term development of our Company. Its recognized
operational expertise will enable us to accelerate our penetration of the
North American market, increase our output and consolidate our position as a
North American leader," stated Armand Rainville, President of Fraco Products
Ltd.
    "With this investment, the Québec Manufacturing Fund is supporting a
dynamic, profitable Québec company that wants to accelerate its growth. To do
so, the company will improve the efficiency of its network of nine sales and
leasing branches, as well as its plant in Saint-Mathias-sur-Richelieu," stated
Marc Dufresne, a partner in the Québec Manufacturing Fund L.P.

    About Fraco Products Ltd.

    Fraco Products Ltd., founded in 1991, is a North American leader in the
design, manufacture and marketing of permanent and temporary vertical-access
systems, such as work platforms, construction elevators and freight elevators.
Fraco employs more than 300 people. It has the largest rental fleet in North
America, and its products are sold and leased across North America, Europe and
Asia.

    About the Québec Manufacturing Fund L.P.

    The $100-million Québec Manufacturing Fund L.P., sponsored by the Caisse
de dépôt et placement du Québec, is an investment partnership that has a
mandate to identify profitable Québec manufacturing companies that present
attractive business opportunities and have the potential to quickly make
significant improvements to their operations. The QMF combines the financial
expertise of the Caisse de dépôt et placement du Québec with the operational
expertise of three experienced managers. The Fund assists entrepreneurs in
Québec's manufacturing sector with their projects by providing financing and
expertise for business development, operations management and financial
management.




For further information:

For further information: Annie Vallières, Media relations, (514)
847-5493


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