Each week, we provide an overview of insider trading, investment in local businesses and news from listed companies.
Dandurand acquires the Maison des Futails
Quebec paper giant Kruger announced this week the sale of its majority stake in Maison des futailles, a major bottler of wine and spirits, to Groupe Dandurand. Recently known as Station 22, the company produces no less than 24 million bottles of wine per year from imported bulk wine, which are mainly sold in grocery stores and convenience stores. Kruger took control of this former subsidiary of the SAQ in 2006. Dandurand is a wine importer founded 54 years ago.
A month pays off for the big boss of TFI
The CEO of TFI International, Alain Bédard, made a profit of nearly $5.5 million last month by exercising stock options in the Quebec trucking company. Mr. Bédard, who has earned tens of millions of dollars with options over the past few years, was entitled to total compensation valued at nearly US$12.8 million in 2021.
BRP buys in Austria
Bombardier Recreational Products (BRP) has just taken a further step towards the electrification of its vehicles with the acquisition of Great Wall Motor Austria, a research and development center specializing in driving systems and transmissions. A subsidiary of the Chinese company Great Wall Motor, the center employs 53 professionals and technicians. In China, Great Wall ranks first in the sport utility vehicle sector and third in the electric car sector.
Sauvageau and Légaré change hands
< p>Two of the best-known vehicle rental companies in Quebec, Sauvageau and Légaré, are sold to a consortium led by the investment firm Champlain, which also includes Desjardins Capital, Fondaction CSN and Société financière Bourgie. Last year, the group completed the acquisition of JLD-Laguë, a chain of John Deere and Peterbilt dealerships.
Devcore makes an acquisition in Cornwall
Gatineau real estate group Devcore announced this week the acquisition of the NAV Center in Cornwall. Overlooking the St. Lawrence, this imposing complex includes a hotel, a training center and a convention center. Earlier this year, Devcore secured 555 of the 2,500 rental units in Sept-Îles, a transaction that made waves in the region.
Good gain for a Dollarama VP
John Assaly, who until recently was Vice President of Global Sourcing at Dollarama, made a profit of nearly $200,000 this week by trading options from the Montreal retailer. The company, which hit a new all-time high on the stock market yesterday, is now worth more than $22 billion.
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Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128