MONTRÉAL, Sept. 5, 2018 /CNW Telbec/ - Ficodis Group is acquiring Transbearco, a company specializing in power transmission and motion control products with two points of sale in Toronto (Mississauga) and Montréal (Saint‑Laurent borough). This is the group's 12th acquisition, furthering Ficodis's expansion strategy of concluding partnerships with major industrial supply distributors throughout Quebec and Ontario.
"Beyond bolstering our offering in Ontario, this acquisition gives us a foothold in the Montréal and Toronto regions," said Ficodis Group President Christophe Bévillard. "With points of sale across Quebec and Ontario, we are moving closer to major urban centres to develop this high-potential market."
In addition to bringing Ficodis to metropolitan areas, the acquisition of Transbearco will expand the company's network of power transmission points of sale, which has a presence in Lévis, Ottawa and now Montréal and Toronto.
"Power transmission is a must for industrial distribution companies, whether it involves bearings, motors, inverters or chain belt drives," added Ian Moffat, President of Transbearco in Montréal. "With new points of sale in Montréal and Toronto, Ficodis can really flex the strength of its network in the field and catch the eye of other manufacturing partners."
Born from business partnerships in Toronto (1978) and Montréal (1995), Transbearco now has 12 employees and supplies products to all sorts of industrial customers, particularly in the food, cosmetics, maintenance and machine manufacturing sectors. The company aims to provide power transmission and motion control solutions to a diverse Canadian customer base with top-quality customer service and state-of-the-art technical expertise that consistently exceed customer expectations.
"We will facilitate a smooth transition to ensure business continuity and sustainability," said Ken Wigle, former owner of Transbearco in Toronto. "Ficodis has an excellent reputation for business acquisition. All of our employees will keep their jobs, and we know that they will be in good hands."
Founded in 2010 and based in Montréal, Ficodis is a multi-specialized industrial supply distribution group providing services, technical expertise and products to manufacturing companies and SMEs. Its 13 points of sale in Quebec and Ontario focused on four product families—Tools, Safety, Cutting and Power—are recognized in their regions for the high quality and variety of products offered, their technical expertise and the personalized service and solutions they provide. To support its growth, Ficodis can count on the support of major financial partners such as Fondaction and Bank of Montreal-Corporate Banking.
For further information: Marie-Hélène d'Entremont, [email protected], T : 514 317-5715, ext. 204, C : 792-2334