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Meloche raises $6M for modernization

The Meloche Group will be modernizing its aerospace metal fabrication operations and adding 60 new jobs with $6 million raised through the family owners and investment groups.


July 19, 2011
Joe Terrett

MONTREAL: The Meloche Group will be modernizing its aerospace metal fabrication operations and adding 60 new jobs with $6 million raised through the family owners and investment groups.

The Fonds de solidarité FTQ investment group is investing $3 million in Meloche, a Salaberry-de-Valleyfield, Que.-based fabricator of metals parts for aerospace industry, to support its growth plans. And the Fondaction CSN, the Fonds Aerofund II (managed by ACE Management) and the Meloche family each contributed 1 million to the project.

The company, which currently has 90 employees, said it will use the money to modernize equipment and increase production capacity at its Salaberry-de-Valleyfield and Bromont plants.

The investment is expected to add 60 jobs over the next five years.

The Meloche Group’s customers include Bombardier Aerospace, Pratt and Whitney and GE Aviation.