Groupe Touchette acquires Fastco Canada
by CM staff
The agreement allows Fastco Canada to maintain its brands and management team.
MONTREAL — Groupe Touchette Inc., has acquired Fastco Canada, a buissness in alloy wheel design, manufacturing and distribution.
This acquisition allows Groupe Touchette to expand its service offering and provides Fastco Canada with greater access to new markets. The transaction promotes strong synergies in product offering for the benefit of both companies’ customer base.
Groupe Touchette has been growing steadily for the past 40 years and has experienced growth and expansion over the past decade. The Fastco Canada acquisition is in line with Groupe Touchette’s growth plan by joining forces with an innovative company at the forefront of technology.
“We are very pleased and proud to welcome Fastco Canada, a company that is registering rapid growth and with which we share great ambitions,” said Nicolas Touchette, co-owner and chief executive officer, Groupe Touchette Inc. “Our collaboration opens new avenues for both companies and allows us to expand our product offering as part of our strategic plan. Groupe Touchette and Fastco Canada have cultivated common values of excellence that motivate our respective employees. While remaining independent, both companies will continue to operate with common objectives to provide our customers with the best experience in the tire and wheel categories.”
Fastco Canada’s operations in Vaudreuil-Dorion, QC and Airdrie, AB will continue as usual. The agreement allows Fastco Canada to maintain its brands and management team. Both businesses and their respective teams will remain independent while leveraging their strengths together.
