RIVIERE-DU-LOUP, QUEBEC–(Marketwire – March 11, 2009) – Premier Tech is pleased to announce today that the Company has put in place unsecured and non-convertible debentures totalling up to $30 million with the Fonds de solidarite FTQ. Of that amount, $15 million is invested in the working capital of the Company and $15 million will be used to finance various business acquisitions and development projects.
This financing deal is part of the vision and development strategy of the Company, which aims to support its long-term growth. The financing will accelerate Premier Tech initiatives, including the acquisition of various businesses and strategic partnerships – alliances which have been key to the success and growth of the Company for the last 45 years.
For over 85 years, Premier Tech has been building its know-how and reputation on the expertise and synergy of its seven business units, gathered in three groups – Horticulture and Agriculture, Industrial Equipment and Environmental Technologies. They have the mission to become technological and commercial leaders in their respective fields of expertise. Buoyed by a multidisciplinary team of over 1 600 people located in America, Europe and Asia, Premier Tech is building on the development of its personnel, on Innovation, and on the introduction of value-added products and services. Its strategic approach is supported by ongoing worldwide market development efforts.