On February 6, 2017, Capital régional et coopératif Desjardins (“CRCD”) announced an equity investment in Norbec Group, allowing the company’s co-founders to gradually transfer ownership to the management team. Jan Lembregts was appointed to head the company and is an investor himself.
Norbec Group is a Quebec-based company with two subsidiaries employing 200 people. Norbec Systems is a Canadian leader in the manufacturing and installation of prefabricated and custom walk-in coolers-freezers. Norbec Architectural is a leader in the Quebec market in the manufacturing of insulated architectural panels for building envelopes.
CRCD is a development capital investment fund which takes an active role in the economic development of Quebec.
Andrew Cohen of Miller Thomson advised Mr. Lembregts with respect to the investment.