Fonds de solidarité FTQ has invested additional $7.2 million in Groupe Meloche in support the company’s $17.5 million expansion program including delivery of several new aircraft, including Bombardier’s Global 7000 and CSeries aircraft, the Airbus A320 Neo and Boeing’s 737 Max.
Groupe Meloche is majorly owned by the Meloche family with Fonds de solidarité, ACE Management, Fondaction as minority shareholders.
Founded in 1974 in Salaberry-de-Valleyfield, Groupe Meloche provides Tier 1 suppliers and original equipment manufacturers (OEM) with aero structure and aero engine products using a vertical integration strategy that includes precision machining, surface treatment, painting, assembly and non-destructive testing.
Groupe Meloche has four manufacturing sites near Montréal, including one in Bromont and a head office in Salaberry-de-Valleyfield. Groupe Meloche has 180 employees, more than 40 CNC turning and machining centres, and over $55 million in annual sales.
“Groupe Meloche has spent the last 10 years positioning itself to seize opportunities in the field of next-generation aircraft. Our recent certification by Pratt & Whitney (PWA), Safran and Airbus speak to these efforts. With these new investments, we will continue to adopt the Industry 4.0 technology that manufacturers will need to be successful in the future,” said Hugue Meloche, President and Chief Executive Officer, Groupe Meloche.
“The Fonds de solidarité FTQ has been backing Groupe Meloche since 2011. This new investment is perfectly in line with our strategic planning, which calls for prioritizing innovation and the aerospace sector,” said Gaétan Morin, President and Chief Executive Officer, Fonds de solidarité FTQ.
photo credit: Groupe Meloche
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Thompson Street Capital Partners (TSCP) acquires T-Base Communications - November 13, 2019
- Two Hat secures $7.5M financing led by Tam Holdings - November 13, 2019
- Stradigi AI secures $53M Series A led by Fonds de solidarité and IQ - November 13, 2019