Fonds de solidarité FTQ invests in plastic boat maker Pelican
Pelican International Inc, a Laval, Québec-based plastic boat manufacturer, has obtained a minority investment from the Fonds de solidarité FTQ, a Canadian private equity and venture capital firm. No financial terms were released. Pelican designs and makes kayaks, canoes, fishing boats, paddle boats, utility sleds and other crafts for the outdoor sports industry. Its products are sold and distributed in over 53 countries. The company said the partnership with the Fonds de solidarité FTQ will support its global growth plans, which include a second plant and the purchase of plastic extrusion and processing equipment to increase output.
8 December 2015•3 mins read
