The Caisse de dépôt et placement du Québec is providing a loan to Medicom Inc., a Quebec-based manufacturer and distributor of infection-control products.
The company has 13 distribution centres and 10 plants, with operations in North America, Europe and Asia.
While the Caisse is already one of Medicom’s financial partners, its support will be used to expand the company in Asian markets in the coming years. Indeed, the company is established in developed countries, but growth markets represent the next step in its strategy to expand through acquisitions, according to a press release.
“CDPQ is pleased to renew its support for Medicom and allow it to explore new avenues for expansion and increase access to its infection control products,” said Kim Thomassin, executive vice-president and head of Quebec investments and stewardship investing at the Caisse, in a press release. “Given the nature of its industry and its multi-year contracts, Medicom possesses the resilience that perfectly aligns with CDPQ’s strategy as a long-term investor.”