Canadian Manufacturing

Ficodis acquires IBS-TUBOQUIP

Ficodis adds four locations to its distribution network, including two in the region of Montreal

January 11, 2021  by CM Staff

Ficodis adds four locations to its distribution network, including two in the region of Montreal

MONTREAL — The Canadian company Ficodis announces its acquisition of IBS-TUBOQUIP. With four points of sales located in Val-d’Or, Rouyn-Noranda, Blainville and Saint-Leonard in Montreal, IBS-TUBOQUIP specializes in the distribution of power transmission supply and oils and lubricants and has a large customer base in the mining industry. Through this acquisition, Ficodis further solidifies its position in the Greater Montreal in all types of industry.

“The arrival of IBS-TUBOQUIP within the group gives us access to the mining industry market, a growing sector in Canada, while consolidating our expertise in power transmission,” said Christophe Bévillard, President of Ficodis Group. “In addition to being well established in the Montreal area, the company already serves the majority of mining sites in Quebec, including gold and lithium mines. It is strategic for Ficodis to position itself advantageously in this industry as metals are at the core of the Quebec governement’s electrification of transportation strategy.”

Founded in Val-d’Or in 1966, IBS-TUBOQUIP has about sixty employees in its four branches. Still directed by its founder’s sons, Pierre and Louis LaRocque, the company specializes in the distribution of industrial hydraulic and power transmission equipment. Pierre LaRocque will remain as president.

With its tools, safety supply, cutting tools and power products, Ficodis serves Canadian and American companies in the machining, food, medical, chemical, manufacturing, construction and now mining sectors.

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