Groupe BioFloral Inc. announces acquisition of Stellar Wholesale Inc.
by CM Staff
This transaction strengthens BioFloral's coast-to-coast distribution network and its status in a challenging market.
Your one-stop shop from coast to coast (CNW Group/Biofloral inc.)
LAVAL — Groupe BioFloral Inc., a distributor and manufacturer of branded hydroponic equipment and supplies for controlled environment agriculture, announced the acquisition of Stellar Wholesale Inc., a distributor in British Columbia since 2004. This transaction strengthens BioFloral’s coast-to-coast distribution network and its status in a challenging market.
BioFloral says they welcome Stellar’s experienced staff to its team: “The acquisition of Stellar is a strategic transaction that will allow BioFloral to increase its footprint in Western Canada. We are two legacy companies that share common values and history. By joining forces, we will be able to respond yet more effectively to the needs of our customers, increase our market share and take advantage of the numerous opportunities arising in an ever-changing industry. BioFloral will remain on the lookout for growth opportunities,” underlines François Deguire, Founder and President of BioFloral.
Stellar is based in Pitt Meadows and serves a significant portion of the retail and commercial production market in Western Canada. Over the years, the company says they have built and maintained strong relationships with a loyal customer base and that it remains a crucial partner for many businesses in the Western region. Facing intense competition, Stellar is at a turning point: “By joining BioFloral, we are confident that we can ensure the sustainability of what we have built over the past two decades. The addition of BioFloral’s product line and the contribution of its team of experts will allow us to maintain our personalized services and enhance our product offering for the benefit of our clients,” commented Allison Ayles and Scott Hammond, Co-Founders and Directors of Stellar.
Stellar’s regional activities are complementary and compatible with those of BioFloral.
The possibility of immediately boosting the range of products and strengthening the service offering of both parties, increasing their customer base and generating superior revenue and profit growth.
