Cardinal Equipment acquires Quebec sawmill equipment business Sawquip
By Cardinal Equipment
Oct. 5, 2017 - Cardinal Equipment of Angliers, Que., announced on Wednesday its acquisition of Lanoraie, Quebec-based Sawquip International.
Founded in 1988, Sawquip International designs and manufactures sawmill equipment. Cardinal Equipment specializes in designing, manufacturing and distributing equipment destined to sawmills, forestry, recycling and biomass processing. The company has been in operation since 1980.
"Sawquip International has an enviable reputation in matters of equipment quality," said Cardinal Equipment president Pascal Labranche. "Its products are complementary to the range of products offered or manufactured by Cardinal Equipment."
Sawquip International president Eddy Ste-Croix said it was very important that this transaction be beneficial for his company. This transaction will also be beneficial for the clients, as Ste-Croix will remain in position for the next year, in order to assure the transitional period between the two administrations.
"The entrepreneurial values of Cardinal Equipment are the same as the ones in place at Sawquip International. I am convinced that this transaction will be good for our clients, as they will profit from the structure already being established at Cardinal Equipment," Ste-Croix said.
Cardinal Equipment's sales manager Karie Bernèche said Cardinal's sales department will add the new range of Sawquip products to its catalog.
Sawquip's clients will continue to obtain service at the current location, and Cardinal plans to maintain the existing jobs at Lanoraie.