Supporting international development and creating 30 jobs in the Qu\u00e9bec City region <\/p>\n
MONTREAL , Feb. 20, 2012 \/CNW Telbec\/ - The Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec and the Qu\u00e9bec Manufacturing Fund (QMF) announced an investment in Liberty Spring Inc., one of North America's largest manufacturers of high precision springs. <\/p>\n
\" Liberty Spring is one of the best kept secrets in the Qu\u00e9bec City region: it's a well established company in Montmagny that operates plants in Mexico , China and Toronto and its products can be found worldwide. Now that's one fine example of a Qu\u00e9bec company that was able to retain its technical expertise in Qu\u00e9bec while ensuring its growth in the international arena,\" explained Normand Provost , Executive Vice-President, Private Equity and Chief Operations Officer at the Caisse. \"We are pleased to support the growth of such a successful company.\" <\/p>\n
A 20,000-square foot plant expansion and automation projects are slated to step up the company's production capacity and support increased sales. The investment by the Caisse and the QMF also enable the succession team to increase its share ownership in the company. <\/p>\n
\"The QMF's expertise will be harnessed to support the company in its growth projects and help position its new product lines globally,\" said Claude Couvrette, Partner at the Qu\u00e9bec Manufacturing Fund. \"We will also be mandated to support the succession team throughout the transition.\" <\/p>\n
\"Having the Caisse and the QMF as partners means benefitting both from an international network and expertise in corporate development, which will enable us to maximize Liberty Spring's growth potential\u2014here and globally,\" explained Richard Guimont, President of Liberty Spring . These partners will also enable us to ensure the long-term development of our company, which manufactures and exports more than one million springs every week.\" <\/p>\n
ABOUT LIBERTY SPRING INC. ABOUT THE CAISSE DE D\u00c9P\u00d4T ET PLACEMENT DU QU\u00c9BEC ABOUT THE QU\u00c9BEC MANUFACTURING FUND Read more: Supporting international development and creating 30 jobs in the Qu\u00e9bec City region MONTREAL , Feb. 20, 2012 \/CNW Telbec\/ - The Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec and the Qu\u00e9bec Manufacturing Fund (QMF) announced an investment in Liberty Spring Inc., one of North America's largest manufacturers of high precision springs. \" Liberty Spring is one of the best kept secrets in the Qu\u00e9bec City region: it's a well established company in Montmagny that operates plants in Mexico , China and Toronto and its products can be found worldwide. Continue reading
Liberty Spring is a world class spring manufacturer specialized in the area of custom high precision springs and has been involved in the automotive, aerospace and recreational vehicle industries for 25 years. The company, whose head office is located in Montmagny, has distinguished itself internationally through innovation, extensive flexibility and the quality of its springs. In addition to its main Montmagny plant, Liberty Spring has three other manufacturing sites\u2014in China , Mexico and Toronto . The company manufactures and exports more than a million springs every week and one out of every two vehicles in the world has a spring manufactured by Liberty Spring in it. http:\/\/www.libertyspring.com<\/a>. <\/p>\n
The Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at December 31, 2010 , it held $151.7 billion in net assets. As one of Canada's leading institutional fund managers, the Caisse invests in major financial markets, private equity and real estate. For more information: http:\/\/www.lacaisse.com<\/a>. <\/p>\n
The $100-million Qu\u00e9bec Manufacturing Fund L.P., sponsored by the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec, is an investment partnership that has a mandate to identify profitable Qu\u00e9bec manufacturing companies that present attractive business opportunities and have the potential to quickly make significant improvements to their operations. The QMF combines the financial expertise of the Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec with the corporate development expertise of experienced managers. The Fund assists entrepreneurs in Qu\u00e9bec's manufacturing sector with their projects by providing financing and expertise for business development, operations management and financial management.www.fondsmanufacturier.com. <\/p>\n<\/p>\n
\nThe Caisse and the Qu\u00e9bec Manufacturing Fund invest in Qu\u00e9bec company Liberty Spring<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"