“Fondaction is pleased to participate in this transaction and to work with Spectra Premium, which showed innovation in choosing to manufacture original automotive products, most notably for hybrid vehicles. This investment meets our objective to further the long-term development of Québec businesses, while facilitating a transfer in the company’s share ownership.” It has also succeeded in refining the company’s product offering and adapting it to the increasing number of hybrid vehicles on our roads. Spectra Premium is a North American leader in the design, manufacturing and distribution of automotive components for the aftermarket, in addition to leading the North American industry in the design, engineering, development and manufacturing of fuel systems for plug-in hybrid vehicles for automobile manufacturers.Īccording to Christian Dubé, Executive Vice-President, Québec, at la Caisse, “The team at Spectra Premium has always focused on innovative solutions in order to grow and develop new markets. The vice-presidents, who are investing as part of the reorganization, also become shareholders. Jacques Mombleau, President and Chief Executive Officer of Spectra Premium, remains a shareholder of the company. The Fonds de solidarité FTQ, main shareholder of Spectra Premium, injected an additional $2 million into the Boucherville company. La Caisse invested $28.3 million, while Fondaction invested $15 million. Montréal, Ap– As part of a purchase of certain shareholders’ stakes led by Caisse de dépôt et placement du Québec (CDPQ), la Caisse, Fondaction CSN and the Fonds de solidarité FTQ today announced the acquisition of an equity interest in Spectra Premium Industries.
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