Conclusion of an agreement to acquire the passenger car and light truck distribution division of Techno Pneu Inc.

Distribution Stox, a recognized Canadian leader in passenger car and light truck tire distribution confirms the conclusion of an agreement in principle to acquire the passenger and light truck distribution division of Techno Pneu Inc. for the Bas St-Laurent and Gaspésie regions. The closing of the transaction is expected for June 14, 2024.

Activities of the six « Centre de Services Techno Inc. » located in Chandler, Amqui, Rimouski and Rivière-du-Loup will continue under the Point S banner and will remain the property of the Marquis family.

“By freeing up time as well as resources, we will focus on the development of various segments such as commercial, agriculture, OTR, retreading and others. Furthermore, we will continue to distribute and promote our private label brand TECHNO which remains a priority for us. We are convinced that with this new strategic orientation we will contribute significantly to the Techno Pneu growth. Our engagement towards our customers remains strong and wish a harmonious development to all” declared Jean-François Marquis, Techno Pneu Shareholder.

“This acquisition is part of our growth strategy which will enable Distribution Stox to solidify its presence in these eastern Québec regions in terms of passenger and light truck tire distribution. We will continue the great team work already in place by Techno Pneu’s team and keep taking great care of customers who are supporting our growth” declared Jean Novak, Distribution Stox President & CEO