Kruger retires from the alcohol industry

Each week we provide an overview of insider trading, investing in local businesses and news from public companies.

Dandurand acquires the Maison des futailles

Quebec paper giant Kruger announced this week the sale of its majority stake in Maison des futailles, a major bottler of wine and spirits, to Groupe Dandurand. Recently known as Station 22, the company produces no fewer than 24 million bottles of wine a year from imported cask wine, which are sold primarily in grocery and convenience stores. Kruger took control of this former SAQ subsidiary in 2006. Dandurand is a wine importer established 54 years ago.

A profitable month for TFI’s big boss

TFI International CEO Alain Bédard made a profit of nearly $5.5 million last month by exercising stock options at the Quebec transportation company. Mr. Bédard, who has received tens of millions of dollars in options in recent years, was entitled to nearly $12.8 million in total compensation in 2021.

BRP buys in Austria

Bombardier Recreational Products (BRP) has just taken another step towards the electrification of its vehicles with the acquisition of Great Wall Motor Austria, a research and development center specializing in drive systems and transmissions. The center is a subsidiary of the Chinese company Great Wall Motor and employs 53 professionals and technicians. In China, Great Wall ranks first in sport utility vehicles and third in electric cars.

Sauvageau and Légaré change hands

Two of Quebec’s best-known car rental companies, Sauvageau and Légaré, have been sold to a consortium led by investment firm Champlain, which also includes Desjardins Capital, Fondaction CSN and Société Financière Bourgie. Last year, the group completed the acquisition of JLD-Laguë, a chain of John Deere and Peterbilt dealerships.

Devcore completes acquisition in Cornwall

Gatineau property group Devcore announced this week the acquisition of the NAV Center in Cornwall. This imposing complex overlooking the Saint Lawrence River includes a hotel, a training center and a convention center. Earlier this year, Devcore got its hands on 555 of Sept-Îles’ 2,500 rental units, a deal that made waves in the region.

Interesting win for a Dollarama VP

John Assaly, who was until recently vice president of global sourcing at Dollarama, made a profit of nearly $200,000 this week by exercising options at the Montreal retailer. The company, which hit a new all-time high in the stock market yesterday, is now worth more than $22 billion.

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