Mecfor, a manufacturer of mobile and stationary equipment for aluminum, mining, and other industries, received a major investment from SeaFort Capital, it’s new Canadian partner. Based in Quebec, the company started off in 1997 as a regional solution provider and has grown to become a global supplier. This transaction enables Mecfor to become independent from Groupe Ceger and provides financial resources for it to continue its growth.
“We are pleased to announce this historic transaction, which gives Mecfor a new financial partner, providing access to capital and resources that will enable us to accelerate our ambitious development plans,” said Éloïse Harvey, president of Mecfor. “We aim to reach new heights by focusing on a bold strategy based on mergers, acquisitions, sustained investment in innovation, and operational diversification.”
In addition to allowing the company to consolidate over 85 jobs at its factory and headquarters in Chicoutimi, Quebec, the company will begin enacting its strategic development plan, which is focused on several mergers and acquisition projects in the primary and secondary aluminium sector, both in Quebec and internationally. It will also include significant investments in innovation, especially in artificial intelligence, as well as diversification towards rail maintenance equipment and the nuclear sector.
“SeaFort Capital is pleased to invest in Mecfor at a key stage in its development,” said Rob Normandeau, president of SeaFort Capital. “We have great confidence in Éloïse Harvey and the entire Mecfor management team, and we are convinced that this partnership will foster growth, helping to make Mecfor a leader in heavy industry innovation and increasing its market share in the global metals, nuclear, and rail industry.”