Congebec, an independent Canadian leader in food refrigeration, transformation and logistics, is announcing the addition of a renowned minority shareholder. The company, which is owned by its management team, will now be able to count on National Bank Private InvestmentTM (“NBPI”) to help it roll out its ambitious growth plan.
Founded in Quebec City in 1974, Congebec offers its clients fully integrated logistics solutions that optimize their food supply chains, providing multi-temperature storage, transportation, co-packing, logistics management and other services. The company is the industry leader in Quebec and a leading player on the Canadian and North American markets. It has over 500 employees and operates 12 modern facilities that total more than 65 million cubic feet, including a new freezer being built on the North Shore of Montreal. It has facilities in five Canadian provinces: Quebec, Ontario, Manitoba, Saskatchewan and Alberta.
"We want to accelerate our growth within Canada and internationally," said Nicholas-P. Pedneault, President and Chief Executive Officer of Congebec. "The support of a major new partner like NBPI will allow us to make a firm commitment to our growth and reinforce our support for companies in the food sector by offering them integrated solutions."
"The past few years have highlighted the importance of food autonomy and security. Businesses in the food sector are an economic driver for numerous regions, in addition to being a key component of society," said Luc Ménard, Executive Vice-President, Managing Director and Head of Private Investments at National Bank. "NBPI has the resources and expertise needed to support the ambitions of business owners in creating value for society, and we are proud of our contribution."