Kimpex Inc. Makes Announcement.DRUMMONDVILLE Drummondville, city (1991 pop. 35,462), S Que., Canada, on the St. Francis River, NE of Montreal. Its manufactures include textiles, paper and wood products, and rubber goods. , Quebec--(BUSINESS WIRE)--June 15, 1999-- Les Placements Gilles
The Gilles are the oldest and principal participants in the Carnival of Binche. Soucy Inc. announces the acquisition, through a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Kimpex Inc., of all the assets of Kimpex Action Inc., one of the leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. distributor of replacement parts and accessories in the field of winter and summer recreational vehicles. Kimpex Action Inc., whose head office is located in Drummondville, distributes its products through a network of approximately 5,000 retailers in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . In addition, the company has approximately 230 employees and operates warehouses in Canada and in the United States. This acquisition will not only enable Kimpex to strengthen its hold on the market, but given its increased capital availability, it will be able to develop new product lines and therefore increase its penetration on the North American market. Furthermore, Mr. Gilles Soucy is the founder of Kimpex and has successfully and profitably managed the said company until its sale in 1994. Accordingly, Mr. Soucy will bring years of experience to Kimpex's management team, which will be of benefit to the development of this company. Les Placements Gilles Soucy Inc., through its group of companies, designs, develops and manufactures mainly rubber, plastic and metal parts as well as accessories essentially used on recreational, military, industrial and agricultural vehicles. Furthermore, the company owns four manufacturing plants in Quebec and an industrial complex in Champlain, U.S., and employs in excess of 600 people. |
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