Groupe Touchette takes the next steps in its development plan with the acquisition of Pneus Chartrand Distribution, Pneus Chartrand Mécanique, as well as the Groupe Immobilier Chartrand.
The agreement, which will take effect on July 1st, 2021, encompasses all the retail and distribution activities of Pneus Chartrand.
With seven branches and a prominent network of customers across the province, Pneus Chartrand allows Groupe Touchette to consolidate its position in Quebec and Canada with independent retailers and other distribution networks seeking a turnkey tire supplier solution.
“We are very proud of the acquisition of Pneus Chartrand, a major player in our industry in Quebec and in the Montreal metropolitan area, thriving from a solid reputation and whose business model is both complementary and compatible with our own, underlines Nicolas Touchette, Co-Owner and CEO of Groupe Touchette Inc.
“This confirms that we are more determined than ever to pursue our growth through strategic distribution and retail channels.”
“Customers will benefit from the combination of our national and regional strengths. They now have access to greater purchasing power and inventory range that offers advantages such as better product availability and exclusive products, adds Frédéric Bouthillier, Co-Owner and COO of Groupe Touchette Inc.
For Chartrand, Owner and President of Pneus Chartrand, “Groupe Touchette Inc. not only represents the best tire distribution company in Canada, but it is also best positioned, thanks to its exhaustive experience in distribution and retail, to ensure the continuity and development of what we have built over the years since 1949.
“Throughout our discussions, I have been impressed by their commitment to our employees, customers, and partners. I am convinced that Groupe Touchette Inc. has what it takes to ensure a prosperous future.”