Announced
Completed
Financials
Tags
Canada
Auto Parts
Acquisition
Private
Majority
wheel design
Domestic
Completed
Friendly
Single Bidder
Synopsis
Groupe Touchette, a tire distributor, completed the acquisition of Fastco Canada, a company specializing in alloy wheel design, manufacturing and distribution. Financial terms were not disclosed. "We are very pleased and proud to welcome Fastco Canada, a company that is registering rapid growth and with which we share great ambitions. Our collaboration opens new avenues for both companies and allows us to expand our product offering as part of our strategic plan. Groupe Touchette and Fastco Canada have cultivated common values of excellence that motivate our respective employees. While remaining independent, both companies will continue to operate with common objectives to provide our customers with the best experience in the tire and wheel categories," Nicolas Touchette, Groupe Touchette Co-Owner and CEO.
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