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Press releases

November 30, 2016

Growth-driven Worximity Technology inks a new financing agreement with its current investors, BDC Capital, the Fonds de solidarité FTQ and W3 Investments

In a bid to accelerate its growth, Worximity Technology has just entered into a new $2-million financing agreement with its current investors, W3 Investments and the Fonds de solidarité FTQ, to which they have now added BDC Capital. The Montreal-based company, specializing in the real-time monitoring of manufacturing production with its Tileboard™ mobile application and its TileConnect™ smart sensors, is very gratified to accept this new investment, which attests to the accelerated growth of this tech company. Worximity has in fact seen its team triple in the past year, and its market now extends across the continent.

November 28, 2016

Fonds immobilier de solidarité FTQ and Anges Québec Team Up to Support Real Estate Developers

The Fonds immobilier de solidarité FTQ and Anges Québec have entered into a collaboration agreement in order to encourage entrepreneurship, foster the emergence of the next generation of real estate developers, and help existing developers in search of financing and coaching. In addition to providing capital, Anges Québec members will provide coaching while the Fonds immobilier will contribute both capital and real estate expertise.

November 11, 2016

IPL acquires Encore Industries Inc. and announces an investment plan of $ 36 million

IPL Inc., a North American leader in products and plastic injection molded solutions in the food and industrial, continues its growth by today announcing the acquisition of Encore Industries Inc. for US $ 35 million. Encore is a producer of rigid plastic packaging products for the North American industrial packaging market with three strategically located facilities in the United States in Ohio, Georgia and Minnesota. The acquisition, made in collaboration with IPL’s parent company One51, and partners Caisse de dépôt et placement du Québec and the Fonds de solidarité FTQ, makes IPL the third largest player in America in the plastic injection molded products market.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.