November 1, 2019

MELOCHE GROUP ANNOUNCES ACQUISITION OF TECHNIPRODEC LTÉE

A 5TH PRODUCTION SITE FOR MELOCHE

Meloche Group Inc. announced today their acquisition of Techniprodec Ltée, a manufacturer of machined parts and complex assemblies for the aerospace industry, located in Montreal-East.

With its five production sites, including three in Salaberry-de-Valleyfield, one in Bromont and now one in Montreal, in addition to its administration and innovation centre soon moving to Beauharnois, the company is one of the most important aerospace SME in the province of Quebec. This acquisition increases to 300 the number of employees of Meloche Group, which generates annual sales of around $90M.

“We are extremely proud to welcome the Techniprodec employees in the great Meloche Group family, enthusiastically declares the President of the corporation, Mr. Hugue Meloche. We have not only gained very competent employees, but also new markets and an important expertise in complex assembly.”

A Meloche Group financial partner since 2011, the Fonds de solidarité FTQ is renewing its confidence in Hugue Meloche and his team by reinvesting in the company’s equity. “Meloche Group has become a strategic supplier for the aerospace industry,” said Gilles Poulin, Vice-President for Investments, Aerospace, Infrastructure and Transportation, at the Fonds de solidarité FTQ. “Meloche Group’s acquisition of Techniprodec will strengthen both companies, and is a perfect example of how the Fonds wants to support the growth of our partner companies, as well as consolidation within the industry.”

An unmatched expertise

Working with the top aerospace industry players since 1975, Techniprodec is a family business that identifies in Meloche Group. “The values and family spirit of both our companies are similar in a lot of ways,” explains Mr. Sébastien Farkas, former President of Techniprodec. Mr. Farkas will now act as Programs Director, a central position in the company’s development.

This acquisition will allow Meloche Group to support its current clients’ needs, while being able to obtain new clients certifications. Indeed, this subsidiary fills the requirements of the industry’s original equipment manufacturers (OEM) and Tier-1, who are looking to associate with larger suppliers with important production capacities, combined with the organizational agility to foster developmental projects.

“The major increase in orders we are experiencing pushes us to find solutions to overcome the labour shortage, and this acquisition is part of our strategy, adds Anne-Renée Meloche, Vice-President, Human Resources and Communications. This new Centre of Excellence located in Montreal bring us closer to pools of specialized workers, an important aspect in our case.”

Meloche Group employment opportunities can be consulted at all times at www.emplois.melocheinc.com.

About Meloche Group

Founded in 1974 in Salaberry-de-Valleyfield, Meloche Group supplies aerostructure and aircraft engine components to original equipment manufacturers (OEM) and Tier-1, by adopting a vertical integration strategy, including precision machining, surface treatment, painting, assembly and non-destructive testing. The company enlists 300 employees and modern machinery facilities composed of over 60 CNC machining centres. The corporation generates annual sales of around $90M.

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