FICODIS acquires PIQ

Montreal-based Ficodis company acquires Pièces industrielles Québec

 

Acquisition is part of Ficodis Group market expansion strategy in Quebec

 

Montreal, June 9, 2015 – Ficodis is pleased to announce the acquisition of the industrial parts distributor Pièces industrielles Québec (PIQ), a company specializing in hydraulics and mechanics. Based in Lévis, PIQ will become the fifth Ficodis point of sale in Canada, and its expertise will be fully integrated within the group to complement that of other members.

“I’m absolutely delighted to welcome the Pièces industrielles Québec team aboard,” said Christophe Bévillard, president of the industrial supply distribution group with head offices in Montreal. “They’re really dynamic people who share Ficodis values and are sure to put in the energy necessary to meet our goal of superior personalized service and customer satisfaction. With their expertise as an integral part of our group, we’ll be able to expand even faster in Quebec and serve a much larger territory.”

“This association with Ficodis was natural for PIQ, as their strategy is in line with our own objective of launching a major expansion while still providing personalized service to our customers,” said Éric Landry, president of Pièces industrielles Québec. “We’re hoping to benefit the entire group with our detailed knowledge of the industry and the way we understand our customers’ specific needs.”

The Lévis-based company is a perfect fit for the partner profile Ficodis is seeking. As a result the PIQ management team will stay on after the formal acquisition and ensure continuity in the company’s operations.

“It’s important for us that the expertise our new partner has developed should stay within the group,” said Christophe Bévillard. “This approach is what makes Ficodis the solid, successful company it is today.”

The acquisition of PIQ will help Ficodis penetrate the market in the Quebec City region, while boosting its expertise in hydraulic equipment fabrication and repairs, a highly specialized sector. This expertise will also be a big boost in the wider market development of Ficodis products and services in power transmission and machine parts. Founded in 2011, PIQ is well known for its personalized service and dedicated customer contact.

 

About Ficodis

Founded in 2010 and based in Montreal, Ficodis is a multi-specialized industrial supply distribution group that provides services, technical expertise and products to manufacturing companies and SMBs. Its five points of sale in Quebec and Ontario are recognized in their regions for the high quality and variety of products sold, their technical expertise and the personalized service and solutions provided. Ficodis has been joined by other companies over the years to form a group that now includes Fournitures Delpar, VL Industriel, Drummond Fournitures industrielles, Industrial Solutions and Pièces industrielles Québec.

 

Information:

Marie-Hélène d’Entremont Zone franche mhdentremont@zonefranche.ca

Office 514-317-5715, extension 204

Mobile 514-792-2334

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