MONTREAL, July 19, 2012 /CNW Telbec/ - The Fonds de solidarité FTQ is
pleased to announce a $2 million investment in Casavant Frères, the
largest organ builder in the world that specializes in crafting and
restoring pipe organs.
"I'm happy that Casavant is receiving financial support from the Fonds.
It will allow us to pursue our growth, especially in Asia and to
penetrate new markets in other emerging countries of the world," stated
board chair and owner of Casavant Frères for the past 36 years.
"Classical music is growing in popularity around the world, which is
why many large cities are building beautiful concert halls. This is
true of 40 large cities in China. Thanks to the Fonds, Casavant will be
able to position itself well in these new markets."
"By partnering with Casavant Frères, we hope to help ensure the survival
of one of our cultural beacons. Over time, its diversified team of
artisans, designers and seasoned managers has made Québec's organ
building expertise known the world over. The Casavant Frères brand is
synonymous with top-notch quality because the company's overriding
concern is to deliver reliable instruments with outstanding sound. We
are thrilled at the prospect of backing Casavant's development and
expansion," stated Fonds president and CEO Yvon Bolduc.
Founded in 1879, Casavant Frères has delivered close to 4,000 organs to
date and has built an international reputation not only for the sound
and quality of its instruments but also for their beauty and
durability. The Saint-Hyacinthe company, which is still in its original
location, is made up of workshops where the organs are crafted from raw
materials. Every step of the building process is traditional. The team
is made up of about 70 employees highly skilled in building organs of
all sizes and types of action (tracker, electric slider and
Among its current projects, Casavant Frères is building a new instrument
for the Montréal Symphony, three pipe organs for the U.S. as well as
for various cultural institutions in Asia. The company also has organ
refurbishment and relocation projects in churches in Missouri, Texas,
Ontario, Manitoba and Prince Edward Island
About the Fonds de solidarité FTQ
The Fonds de solidarité FTQ helps drive our economy. With net assets of
$8.5 billion as of May 31, 2012, 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
2,239 companies. With its 594,287 owner-shareholders, it has helped, on
its own or with other financial partners, to create, maintain and
protect 168,577 jobs. For more information, visit www.cyberfondsftq.com.
SOURCE FONDS DE SOLIDARITE FTQ
For further information:
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Director, Public Affairs and Community Relations
Fonds de solidarité FTQ
Phone : (514) 850-4806
Mobile: (514) 895-0817
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