Tire distributor Groupe Touchette has acquired Fastco Canada, the country’s leader in alloy wheel design, manufacturing and distribution.
This acquisition allows Groupe Touchette to significantly expand its service offering to its customers and provides Fastco Canada with greater access to new markets. The transaction also promotes strong synergies in product offering for the benefit of both companies’ customer base.
Groupe Touchette has been growing steadily for the past 40 years and has experienced tremendous growth and expansion over the past decade. The Fastco Canada acquisition is in line with Groupe Touchette’s growth plan by joining forces with an innovative company at the forefront of technology and driven by values of excellence. Also, Groupe Touchette and Fastco Canada share very strong common values and excel in their respective markets.
“We are very pleased and proud to welcome Fastco Canada, a company that is registering rapid growth and with which we share great ambitions,” says Nicolas Touchette, co-owner and chief executive officer, Groupe Touchette Inc. “Our collaboration opens new avenues for both companies and allows us to expand our product offering as part of our strategic plan. Groupe Touchette and Fastco Canada have cultivated common values of excellence that motivate our respective employees. While remaining independent, both companies will continue to operate with common objectives to provide our customers with the best experience in the tire and wheel categories.”
Industry knowledge and expertise
Fastco’s industry knowledge and expertise is unmatched in the market. The company benefits from steady growth built on long-standing partnerships with large Canadian retailers, vehicle manufacturers, and tire manufacturers. A rigorous product development process has been the hallmark of the Chaplin family, from design, engineering to the manufacturing of superior quality products for the automotive enthusiast. “We will now be able to count on the highly strategic experience of Fastco Canada,” highlights Frédéric Bouthillier, co-owner and chief operating officer, Groupe Touchette Inc. “Fastco Canada has not only been at the forefront of forward-looking sectors such as electric vehicles (EVs) but has created unique resources such as FastFinderTM that enable us to offer exclusive data and precise fitment solutions to our customers.”
“This announcement opens new opportunities and further expands our position as Canada’s leader in the design, production and distribution of alloy and steel wheels” shares Glenn Chaplin, President, Fastco Canada. “It will also increase the strength of our brands and open new opportunities for us in the future. I’m proud to see my sons Bob and Lee as well as the current leadership remaining at the heart of Fastco Canada and carrying on the Chaplin family culture. ”
Fastco Canada’s operations in Vaudreuil-Dorion, QC and Airdrie, AB will continue as usual. The agreement allows Fastco Canada to maintain its brands and management team. Additionally, both businesses and their respective teams will remain independent while leveraging their strengths together.
