Fonds régionaux de solidarité FTQ reinvest in Globe Metal
Sainte-Catherine, August 31, 2026
The Fonds régionaux de solidarité FTQ have announced a new investment in Globe Metal, a family-owned company specializing in industrial metal recycling. The reinvestment will support the company's continued growth and marks the Fonds régionaux de solidarité FTQ's third investment in the Montérégie-based business since 2018.
Founded in 1980 by Jeff Solomon, who remains its president and owner, Globe Metal has built a strong reputation in Québec and established itself as a recognized leader in its sector. The company operates in a favourable market environment, driven in part by sustained demand for certain metals. The company's sustained growth in recent years has fuelled higher revenues, creating a greater need for working capital. In a market where metal prices can fluctuate rapidly, the ability to secure supply and lock in prices when orders are placed is critical to maintaining that momentum.
From left to right: Brad Solomon, Jonathan Schacter, Jeff Solomon, and Greg Solomon, owners of Globe Metal
This renewed investment will enable Globe Metal to expand its range of metals and alloys, strengthen its position in its core Canadian and U.S. markets, and further extend its international reach. It also reflects the Fonds régionaux de solidarité FTQ's commitment to supporting well-positioned Québec businesses with strong long-term potential.
"The renewed support of the Fonds régionaux de solidarité FTQ is instrumental to our success. It will enable us to meet our customers' needs while advancing our development projects," said Jeff Solomon, President and founder of Globe Metal.
"We are proud to renew our commitment to Globe Metal, a family-owned business with deep roots in the Montérégie community. By investing in its future, we are also contributing to the strength of the region's economy," said Johanne Pilon, Regional Vice-President, Fonds régionaux de solidarité FTQ—Montérégie.
About Globe Metal
A global leader in industrial metal recycling, Globe Metal serves customers across North America and in international markets. For more than 40 years, the company has specialized in sourcing, processing and recovering metals used in industrial manufacturing, including molybdenum, nickel, bismuth, cadmium, cobalt, copper, gallium and many others.
Globe Metal primarily serves foundries and specialty alloy manufacturers supplying the aerospace, defence and industrial sectors. It also partners with companies in the machining, electronics, and oil and gas industries, helping them maximize the value of metal residues, industrial waste and recyclable materials.
In addition to providing direct access to metal markets, Globe Metal handles materials in a wide range of forms, including solids, turnings, chips, powders and sludges. The company also supplies in-plant material-handling equipment and containers designed for the safe and efficient storage and transportation of materials. Its ISO certification reflects the rigour of its processes and its commitment to quality.
About the Fonds régionaux de solidarité FTQ
Part of the Fonds de solidarité FTQ network, the Fonds régionaux de solidarité FTQ help further regional economic development in Québec by channelling the savings of more than 828,000 Quebecers into local investments. Since their creation in 1996, the Fonds régionaux de solidarité FTQ have invested $1.9 billion in more than 1,800 companies.
Through 17 offices across Québec, the Fonds régionaux de solidarité FTQ offer small and medium-sized enterprises customized business solutions in the form of unsecured loans or equity investments. Each product is designed to reflect the company's characteristics and the regional economic environment.
