The Québec Manufacturing Fund L.P. makes its first investment in Fraco Products Ltd.

The Québec Manufacturing Fund L.P. (QMF), a partnership sponsored by the Caisse de dépôt et placement du Québec, is proud to announce that it has invested more than $8 million in Fraco Products Ltd. This Québec manufacturer specializes in vertical-elevation work platforms used in the construction industry. It also has applications on projects to upgrade transportation infrastructures, hydroelectric facilities and mining infrastructures.

“We’re very pleased with the Québec Manufacturing Fund’s involvement in our Company. With this solid partner, the relationship goes far beyond a simple financial arrangement. The QMF provides a full range of services that covers operation and long-term development of our Company. Its recognized operational expertise will enable us to accelerate our penetration of the North American market, increase our output and consolidate our position as a North American leader,” stated Armand Rainville, President of Fraco Products Ltd.

“With this investment, the Québec Manufacturing Fund is supporting a dynamic, profitable Québec company that wants to accelerate its growth. To do so, the company will improve the efficiency of its network of nine sales and leasing branches, as well as its plant in Saint-Mathias-sur-Richelieu,” stated Marc Dufresne, a partner in the Québec Manufacturing Fund L.P.

About Fraco Products Ltd.

Fraco Products Ltd., founded in 1991, is a North American leader in the design, manufacture and marketing of permanent and temporary vertical-access systems, such as work platforms, construction elevators and freight elevators. Fraco employs more than 300 people. It has the largest rental fleet in North America, and its products are sold and leased across North America, Europe and Asia.

About the Québec Manufacturing Fund L.P.

The $100-million Québec Manufacturing Fund L.P., sponsored by the Caisse de dépôt et placement du Québec, is an investment partnership that has a mandate to identify profitable Québec manufacturing companies that present attractive business opportunities and have the potential to quickly make significant improvements to their operations. The QMF combines the financial expertise of the Caisse de dépôt et placement du Québec with the operational expertise of three experienced managers. The Fund assists entrepreneurs in Québec’s manufacturing sector with their projects by providing financing and expertise for business development, operations management and financial management.