MONTREAL, June 17, 2011 /CNW Telbec/ - Capital régional et coopératif
Desjardins announces an investment of $6 million in Granby's A.T.L.A.S.
Aéronautique. This investment will provide the company with capital
needed to pursue its development as an integrator. A.T.L.A.S.
Aéronautique offers a reliable integrated supply chain solution that is
able to develop and manage the production of complex aeronautical
components and parts.
Through its support, Capital régional et coopératif Desjardins is also
helping A.T.L.A.S. Aéronautique to make a bid for SIDO LTD, another
Granby company specializing in precision machining of components and
sub-assemblies. This acquisition will complement services offered by
A.T.L.A.S. Aéronautique, which already holds two subsidiaries,
Air/Ground Equipment in Granby and Aviation Lemex in St-Hubert.
A.T.L.A.S. Aéronautique and its subsidiaries now employ over 170 people
and are poised to take advantage of renewed activity in the aeronautics
Roger Durand, Vice-President of Development Capital, believes this new
partnership with A.T.L.A.S. Aéronautique to be highly promising for
aeronautics subcontracting in Québec. "Capital régional et coopératif
Desjardins, he states, "sees a very bright future for this company. We
have the tools and expertise needed to effectively assist A.T.L.A.S.
Aéronautique as it works to become an integrator, of which there are
unfortunately too few today, given their essential role in the growth
of Québec's aerospace industry."
A.T.L.A.S. Aéronautique is itself very excited about this new solution
that will strengthen its contribution within the aerospace supply
chain. "The business model that we can now offer to principal
contractors includes a wider range of services supported by multiple
manufacturing sites and a greater and more diversified pool of
expertise," states Camil Poulin, the company's President. "Our
partnership with Capital régional et coopératif Desjardins will provide
A.T.L.A.S. Aéronautique with a solid capital base and will help us
continue our growth in new markets."
About Capital régional et coopératif Desjardins
Founded in 2001, Capital régional et coopératif Desjardins is a publicly
traded company managed by Desjardins Venture Capital. With over
111,000 shareholders, the Company contributes to Québec's economic
development while driving the growth of cooperatives and the resource
regions. Capital régional et coopératif Desjardins currently supports
more than 230 companies, cooperatives and funds in various industries
spanning all Québec regions. (www.capitalregional.com)
SOURCE CAPITAL REGIONAL ET COOPERATIF DESJARDINS
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Information (for journalists only):
Capital régional et coopératif Desjardins
514-281-7275 - 1-866-866-7000, ext. 7275