CHÂTEAUGUAY, QC, October 17, 2022 /CNW Telbec/ – CMP Advanced Mechanical Solutions (CMP), a North American leader in the manufacture of innovative advanced metal products and mechatronic solutions, is proud to announce today that it has reached an agreement with Fonds de solidarité FTQ, which is a minority shareholder of the company.

This partnership will allow CMP to unlock the high growth potential of some of its markets. Founded more than 50 years ago, CMP has always been at the forefront of innovation, specializing in manufacturing for disruptive industries that drive innovation such as energy storage, automated warehouse logistics solutions, security and light rail and transportation. CMP’s plans include further investments to increase automation and expand its facilities by building a zero-carbon facility by Q1 2023.

“We are pleased to announce this agreement with the Fonds de solidarité FTQ. At CMP, we pride ourselves on three key elements: providing value-added product design solutions to these disruptive markets, continuously innovating and developing solutions that respect the environment, and cultivating a corporate culture based on human values ​​and the contribution of all employees to the company’s success. When we were looking for a partner, the alignment of our corporate values ​​was a key criterion. In the fund we have found a partner who shares these values ​​and we are confident that our culture and well-being of our employees, which is very important to us, will be preserved. We also firmly believe that this new partnership will facilitate our growth will advance in both areas Canada and in the United States, enabling us to create more than 250 highly skilled jobs over the next three years. This partnership also allows CMP to strengthen its position as an employer of choice. The Company, in partnership with the Fund, has initiated a new RRSP program that will provide an enhanced competitive compensation plan for its…