BID Group has completed the acquisition of YGE – a supplier and service provider based in St-Raymond, Que., specializing in top-tier saw guides, grinders, and critical consumables catering to the wood processing industry.
The transaction formally closed on Oct. 1.
Located, YGE is a trusted partner, having forged strong bonds with BID’S product lines, projects, and manufacturing facilities across North America.
“We are excited to reach this agreement with our longtime partners YGE and the Guillemette family. This marks another important step in meeting our valued customer demand for modern, high quality and innovative saw and tooling technology solutions,” said Simon Potvin, BID’s president, wood processing.
“This partnership builds on previous investments in Smith Sawmill Services, BLADE cutting tools, and the recently announced acquisition of Industrial Cutting Solutions in Alabama,” Potion added.
“I am pleased to be able to transition our business with the BID Group.”, said Yvon Guillemette, owner of YGE. “I would like to thank our team for their dedication and hard work to build YGE over the years. I am confident this partnership will provide our employees, suppliers, and customers with enhanced opportunities and benefits.”
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