Fonds de solidarité FTQ invests $20 mln in tanker manufacturer Tremcar
The Fonds de solidarité des travailleurs du Québec FTQ has invested $20 million in Tremcar Inc, a manufacturer and seller of aluminium and stainless steel tanker cars for food, chemicals, dry products and petroleum products industries in North America. Tremcar said that proceeds of the deal will be used to support its growth strategy, which includes construction, equipment purchases and the acquisition of sales and service centres in the United States. Concurrent with the funding announcement, the business indicated that it will be hiring new employees. With its headquarters in Saint-Jean-sur-Richelieu, Québec, the family-owned Tremcar was founded in 1962.
27 October 2014•3 mins read
