Capital régional et coopératif Desjardins acquires majority stake in Norbec to maintain the company in Quebec

February 6, 2017

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.