Ficodis to acquire Reliable Bearing in Ontario
March 7, 2019 by Manufacturing AUTOMATION
March 7, 2019 – Ficodis Group, a Quebec-based industrial supply distribution group, will acquire Reliable Bearing, a company specializing in power transmission products.
This is the 14th acquisition for Ficodis Group, which positions the company to continue partnering with major industrial supply distributors in Quebec and Ontario.
“This new acquisition brings us to five specialized branches in the power transmission sector,” says Christophe Bévillard, president of Ficodis Group. “The company has a well-established customer base in its market and has seen excellent growth in sales over the past few years. Its 25 employees come with cutting-edge expertise that will allow us to work toward increased growth in our activities in the years to come.”
Reliable Bearing is a 100 per cent Canadian-owned company founded 35 years ago in Mississauga, Ontario. President Carl Faria will remain in his position to oversee the transition.
Combined with the acquisition of Transbearco last September, Ficodis Group is continuing to expand its power transmission network, with points of sale in Lévis, Quebec and in Montreal, Ottawa and Toronto.