Announced
Completed
Synopsis
Saman, a Canadian manufacturer of interior wood finishing products, completed the acquisition of floor finishing and maintenance division of Groupe Finitec, a Quebec-based provider of floor finishing and acoustic solutions. Financial terms were not disclosed. “We are both proud and excited to make today’s announcement. Finitec is a true Quebec flagship in our industry, with a reputation that extends far beyond our borders. We are thrilled to welcome them to the Saman family. Together, we combine the best of both worlds to become a large-scale Canadian manufacturer, positioned to play an even greater role in the North American market. Saman and Finitec will continue to deliver innovative, top-quality products, along with outstanding in-store service and support,” Maxime Gagnier, Saman president.
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