Congebec Logistics Inc., a provider of a range of warehousing and multi-temperature transportation and logistics services, has acquired the assets of Westco MultiTemp Distribution Centres Inc., a Winnipeg, Manitoba-based company which specializes in storage and refrigeration of food and related products. The financial terms of the transaction were not published. The Québec City-based Congebec is a portfolio company of Capital régional et coopératif Desjardins, which is managed by Desjardins Capital de risque.
Congebec Logistics Inc. Acquires Westco MultiTemp Distribution Centres Inc.
QUEBEC CITY, QUEBEC–(Marketwire – Feb. 13, 2013) – Congebec Logistics Inc., the largest provider of refrigerated logistics services in Quebec and the second largest in Canada, announces that it acquired the assets of Westco MultiTemp Distribution Centres Inc. These purchased assets consist of 4 temperature controlled warehouses located in Manitoba, Saskatchewan and in Alberta, having a total area of 610,000 square feet and includes over 12 acres of prime land in Calgary available for future expansion.
With this acquisition, Congebec now has 12 warehouses strategically located across Canada, including eight in the East and four in Western Canada, giving it a total storage space of 46,500,000 cubic feet and approximately 185,000 pallet positions. Congebec is now the 12th largest public refrigerated warehousing company in North America and 15th in the world among member companies of the International Association of Refrigerated Warehouses (IARW).
“Our major national and international clients will now be able to benefit from a national temperature controlled distribution network and use Congebec as a “one stop shop” for all of their logistics needs across the Country.,” says Laurier Pedneault, President and founder of Congebec.
Founded in 1959, Westco specializes in the storage and refrigeration of food and related products and offers a complete range of logistics services in each location, including transportation, distribution and export services; the newly acquired Westco facilities are modern buildings located in strategic areas and designed to store and distribute large volumes of food products requiring controlled temperatures.
“Westo MultiTemp has had for a long time an excellent reputation within our industry, and Congebec is pleased to welcome Westco’s highly qualified employees as well as its senior management team who will continue to work within the company,” says Mr. Pedneault.
With this acquisition, Congebec adds Westco’s regional strength to its existing operations in Ontario and Quebec to form a truly national company offering a full range of warehousing and multi-temperature transportation services across Canada, including transportation and co-packing services.
Present in the food industry as the cold chain specialist, Congebec has gradually conquered the Quebec market where it holds a leading position since 2004. In 2010, the company made its first expansion outside of Quebec with the opening of a 110,000 square feet warehouse near Pearson Airport in Toronto.
Congebec can count on a total workforce of more than 400 dedicated employees.
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