Combined assets to create one of North America’s largest mill equipment supply firms.
The BID Group of Companies, based in BC announced it has acquired controlling interest of Quebec-based COMACT. With the combined sawmill equipment design, manufacturing and delivery capabilities it is now one of the largest North American companies of its kind.
“This acquisition tremendously strengthens the opportunities for both groups to serve our very busy domestic and international forestry-based markets,” said Brian Fehr, CEO of the BID Group. “For our western operations in BC, this provides not only greater geographic flexibility for product delivery, but also access to COMACT’s highly-experienced and well regarded business development team serving Canadian, USA and international markets,” he explains.
Together, the companies will operate over 250,000 square feet of manufacturing plants and employ approximately 750 employees. COMACT will continue to be based out of Quebec and operate under the COMACT brand. All other operating divisions of the BID Group, including Nechako Construction, Nechako Mechanical, Sawmill Equipment Company (SEC) and Deltech Manufacturing will also continue business as usual under their respective operating names.
Brian Fehr will continue on as CEO of the parent company BID Group. As part of the transition, Pierre Morency assumes the role of Chairman of the Board of BID Group. As well, Simon Potvin becomes Senior VP Manufacturing and Eric Michaud becomes Senior VP Sales & Marketing of BID Group, respectively.
“We are very excited for COMACT to be part of the BID Group family,” said Simon Potvin. “Much like BID, COMACT now has greater flexibility for manufacturing and shipping on the other side of the continent, with the added benefit of expanding its business by leveraging BID’s extensive turn-key experience and capabilities,” Potvin explains.
For more information please visit www.bidgroup.ca