BDC Capital invests in Fredac's acquisition of Laurin Containers
BDC Capital has provided $1 million of mezzanine financing to Fredac Corp, a Québec-focused manufacturing investment firm. The proceeds will be used by Fredac to acquire Laurin Containers, a Laval, Québec-based maker of steel refuse containers in North America. No financial terms were disclosed. The acquisition is Fredac's first in the steel industry. BDC invested through its Growth & Transition Capital group. The financing was led by Director Jean-Philippe Poissant. Fredac, the investment platform of Canadian entrepreneurs Frédéric Albert and Frédéric Chabanne, in 2010 acquired Fibrobec, a Beloeil, Québec-based maker of fibreglass truck covers.
8 July 2019•3 mins read
