These partners specialize in the acquisition and turnaround of manufacturing companies Frédéric Albert and his partner Frédéric Chabanne are not the type to rest on their laurels. Having completed a first acquisition of a struggling company, the partners quickly got back into search mode for a new acquisition target. “We needed a new challenge,” says
Fredac Corp.is an investment firm that seeks to propel Quebec entrepreneurship by acquiring existing manufacturing companies to accelerate their growth, here and abroad.
INNOVATE TO RETAKE
WHY FREDAC CORP.
Fredac’s management team understands the reality of entrepreneurs who want to sell their business and seeks to offer the best possible return to the transferor (owner) in a transaction. Integrity, respect, and transparency are the values at the center of our approach. In addition, the Fredac team ensures the development and long-term influence of the companies it acquires by promoting an innovative management approach and a global vision for each project.
Our experienced and versatile team understands today’s entrepreneurs’ operational and financial challenges. When we acquire companies, we provide active support and operational expertise in the manufacturing sector that makes a difference and injects capital for long-term development. We want the companies we acquire to develop a competitive advantage and increase profitability.
We work closely with existing management teams to assess strengths and weaknesses and implement successful new business models. We explore industry consolidation options that can help develop their technologies, optimize their operations and increase their market shares.
Our approach to developing business potential.
We are on the lookout for interesting investment opportunities to quickly assess the potential and see if an offer is possible.
Once an opportunity is found, we analyze the company in detail to clearly understand the situation and discuss it with the owner.
If the analysis is positive, we are committed to responding within 5 business days, whether our answer is positive or negative. Following a positive response, we promise to submit a letter of intent (LOI) within 10 days of a positive response.
As corporate buyers and investors, we want to obtain a valuation of the target company to negotiate the terms of the takeover transaction with the transferor. If the project is important, we mandate an audit firm to conduct a full acquisition audit.
After making a complete assessment of the target company and concluding that this transaction could be a good opportunity, we work on developing the company’s recovery plan in collaboration with the relinquishing owner. The legal structure of the takeover operation follows, and the operational recovery plan details the strategy we want to implement by buying the company.
Several negotiation sessions can take place before and during the development of the business transfer (recovery) plan.
When the letter of agreement (LOA) has been drafted and approved, the conditions precedent lifted (obtaining financing in particular), and the agreed date of sale set, the steps related to the sale are carried out: signing of the sale, completion of formalities, the release of funds and payment of the price, entry into office, etc.
We attach great importance to the transition phase, which is usually planned between the buyer and the transferor so that the change is smooth and the new entrepreneur has time to integrate and understand his functions, as well as the workings of the company.
The strength of our team lies in its ability to analyze and make quick decisions to respond to offers in a short time. OUR CRITERIAS
SMBs in the manufacturing sector with 25 to 100 employees, with annual sales of 5 to 25 million, established in Quebec.
- Manufacturing production
- Industrial products
- Consumer products
- Type of investment desired: majority position 50% + 1 minimum with full takeover within 5 years.
- Strong preference for companies generating positive cash flow and sustainable profitability
- Strong potential for growth and market consolidation
- Companies with a unique or competitive advantage in terms of technology, positioning, or business model
After an impressive career in the pharmaceutical and retail sectors (Jamp Pharma, Telus and Alberto Culver), Frédéric acquired with his partners Les Industries Fibrobec, of which he is currently the President and majority shareholder. Recognized as an accomplished administrator, he has developed a method to optimize business growth by making them essential to their partners. He holds a Bachelor's degree in finance from UQAM. He focuses his efforts on finding new acquisitions for the Fredac group while working closely with the Managing Directors of the group's companies.
MANUFACTURING OPERATIONS MANAGEMENT
Frédéric is currently vice-president of production and shareholder of Fibrobec Industries, where he also sits on the board of directors. He excels in the reengineering of manufacturing processes and the optimization of the production chain. Before joining Fibrobec in 2011, he worked at NORTEL and partnered with several small and medium-sized businesses of the last decade.
MANAGEMENT AND ADMINISTRATION OF COMMERCIAL ACTIVITIES
Étienne is the General Manager of Fibrobec Industries since 2017 and is responsible for all of the company’s activities in Canada and the United States. He has a B.A.A. in marketing from HEC Montréal and fifteen years of experience in business development in the telecommunications industry. He brings a strategic vision to the company and specializes in setting up processes and implementing good practices.
As an accountant, Pierre is currently a controller for several companies, and he oversees the proper functioning of all accounting and financial activities at Fibrobec Industries. He holds a BBA from HEC Montréal in accounting and is a CPA-CMA member. He has more than 30 years of manufacturing experience, including over 20 years at Fibrobec.
Éric has extensive experience in sales and production team management in both aerospace and industrial diesel machinery. In addition, Éric excels in sales management, distribution networks, custom manufacturing, and business development. He brings energy, realization, and a strategic vision to the company.
As the General Manager of Industek, Peter oversees all spheres of activity of the organization and plays a key role in business development. With 25 years of experience in management, sales, and logistics, Peter excels in team management, mobilization, and results-oriented leadership.
ME Sébastien Leblond
LAWYER AND COMPANY DIRECTOR
Sebastien is a passionate and seminal entrepreneur. He is a business lawyer specializing in strategic legal outsourcing and alternative business modeling. He is the Co-Founder & Global COO of RainMKRS Capital Investment LLC, with offices in Montreal and Abu Dhabi (UAE), a Shareholder of WIIDII inc., a Co-Founder at Purple Capital Group, and he is a business consultant at DSL LLP. He was formerly a co-founder and board member at Anderson Sinclair PC, sold in 2020. Since 2007, Sébastien engineered innovative businesses and operating models in the legal, technology, lender & financial services, and supply chain management industries. By doing so, he helps create investment opportunities for investors looking for direct investment in seminally creative ventures. His true talent is to connect visions, generating assets and key people to ensure optimized value creation. Sebastien travels the world to meet fintech and legal entrepreneurs, scholars & academics, and investors in his quest to better understand the art of value creation, especially in this era of digital revolution dominated by the emergence of artificial intelligence, blockchain technology, data science, and IoT. Sébastien is a EO Alumni. He supports entrepreneurship and arts through personal involvement and donations.
Frédéric Albert, President
NEWS AND PRESS RELEASES
Fredac acquires Laurin Machinery, a company that has been manufacturing environmental containers for 54 years.
Fibrobec, the largest manufacturer of fiberglass pickup truck covers for commercial and recreational purposes in Canada, announced the appointment of Frédéric Albert as President and CEO. After joining the company in July 2011 and having spent two years as Vice President of Sales, Mr. Albert took has taken over for Robert Thibault, the founding president.