Caisse adding financing to Quebec-based infection control company
The Caisse de dépôt et placement du Québec is lending financing to Medicom Inc., a Quebec-based manufacturer and distributor of infection control products.
The company, which also specializes in personal protective equipment, including medical grade face masks and gloves, has operations in North America, Europe and Asia. Through 13 distribution centres and 10 plants, it serves the health care and industrial sectors.
While the Caisse is already one of Medicom’s financial partners, its support will be used to expand the company in Asian markets in the coming years. Indeed, the company is established in developed countries, but growth markets represent the next step in its strategy to expand through acquisitions, according to a press release.
Read: Caisse providing $150M in financing to Quebec-based insurer
“CDPQ is pleased to renew its support for Medicom and allow it to explore new avenues for expansion and increase access to its infection control products,” said Kim Thomassin, executive vice-president and head of Quebec investments and stewardship investing at the Caisse, in a press release. “Given the nature of its industry and its multi-year contracts, Medicom possesses the resilience that perfectly aligns with CDPQ’s strategy as a long-term investor.”