The Caisse de dépôt et placement du Québec is increasing its stake in Quebec manufacturing company Camoplast Solideal by buying back a portion of units from another shareholder. The Caisse’s interest is increasing from 23.8% to 28.3%.
“By increasing its interest in Camoplast Solideal, the Caisse is reaffirming its commitment to support this Eastern-Townships-based company that has carved out an enviable place both in the industry and globally,” said Luc Houle, senior vice-president, investments, private equity, with the Caisse.
The Caisse has been a partner in the company for more than 12 years; its first investment dates back to June 2000.
Camoplast Solideal specializes in the design, manufacture and distribution of off-road tires, rubber tracks, undercarriage systems and wheels for the construction, agricultural, industrial, power sports and defense markets. It has more than 8,200 employees throughout North America, Europe and Asia.