bcIMC-owned Corix to sell water products unit to Deschênes

Corix Infrastructure Inc has agreed to sell Corix Water Products (CWP) to Deschênes Group Inc, a Montréal-based wholesale distributor to the plumbing, heating, electrical, waterworks, fire protection, HVAC-R and auto parts markets. No financial terms were released. CWP provides water and wastewater products across Canada and the United States. Deschênes said the deal will add to its offerings and increase its geographic footprint. Corix, a Vancouver-based provider of utility infrastructure solutions, is owned by British Columbia Investment Management Corp (bcIMC).

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