The Government of Canada awards $1.9M in financial assistance to this Bas-Saint-Laurent business to help improve its productivity and diversify its product range
RIVIÈRE-OUELLE, QC, April 15, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED) Lambert Peat Moss is one of the key players in the peat moss industry in Quebec. To ensure its growth, the company is receiving a repayable contribution of $1.9 million from Canada Economic Development for Quebec Regions. With this financial assistance, the SME will be able to improve its productivity through the adoption of advanced automated technologies and develop new high-value-added horticultural products.
The funding was announced today by the Honourable François-Philippe Champagne, Minister of Infrastructure and Communities. More specifically, the Government of Canada's assistance will help Lambert Peat Moss optimize its facilities in Rivière-Ouelle, in the Bas-Saint-Laurent region, and Longue‑Rive, in the Côte-Nord region, and acquire more technological and efficient production equipment.
Founded in 1928, Lambert Peat Moss is a fourth-generation family-owned business developing innovative sphagnum peat moss-based horticultural products that increase the growth of crops (flowers, vegetables, fruits, grasses, trees and shrubs). The company has over 200 employees and operates six production plants in the Bas-Saint-Laurent, Côte-Nord and Saguenay regions. It also has a distribution centre for the U.S. market in Beloeil, near Montréal.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
"We have big plans for our regions. By investing in projects like that of Lambert Peat Moss, we are making good on our commitment to help companies expand, innovate and export their products and services in order to create quality jobs. When regional businesses thrive, the Canadian economy as a whole reaps the benefits."
The Honourable François-Philippe Champagne, Minister of Infrastructure and Communities
"Digital technologies are changing ways of doing things around the world, providing Canadian companies with development opportunities. As Minister of Innovation, Science and Economic Development, my goal is to support businesses like Lambert Peat Moss, which has seized these opportunities and created new jobs through its commercial ties with international partners."
The Honourable Navdeep Bains, Minister responsible for CED
"Every day, our team works to build a strong and reliable industry that consumers can count on. Demand for value-added horticultural products is growing rapidly in North America, and Lambert Peat Moss wants to secure its place in the market by renewing itself continuously to respond to new trends. CED's assistance is real and meaningful support for our projects that will help us optimize our facilities and continue our expansion."
Gabriel Lambert, President, Lambert Peat Moss
Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
The funding was awarded under CED's Regional Economic Growth through Innovation program. For more information on CED and its priorities, consult the 2018-2019 Departmental Plan or visit www.dec-ced.gc.ca.
The Regional Economic Growth through Innovation program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, and regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.
For 50 years now, the Government of Canada has been actively participating in regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel.: 514-283-7443, Email: [email protected]