MONTREAL, Nov. 18, 2013 /CNW Telbec/ - GLV Inc. (GLV Group) announces the sale of its business unit GL&V Fabrication, located in Trois-Rivières, to a group of four members of the local management team. "For many years, we wanted to ensure a long-term future for all employees of this business unit. I am very confident that the new owners will manage to seize new market opportunities that will enable the new company to grow", said Richard Verreault, President and Chief Executive Officer of GLV Inc.
This sale comes after GLV Group has said on several occasions over the past few years that manufacturing equipment was no longer a central sector of activity in its business strategy. GLV Group maintains business ties with the new company, for which a new name will be announced shortly.
About GLV Group (GLV Inc.)
GLV Group is comprised of international businesses primarily active in the sectors of water treatment (Ovivo) and pulp and paper (GL&V Pulp and Paper) that offers comprehensive technological solutions as well as services and equipment tailored to the needs of its customers. GLV Group's business units operate in more than 25 countries and employ approximately 2,100 employees. GLV Inc. is a public company whose shares are traded on the Toronto Stock Exchange under the symbols GLV.A and GLV.B. www.glv.com
SOURCE: GLV Inc.
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