BOUCHERVILLE, Quebec — Canadian tire wholesaler Distribution Stox Inc. is acquiring the passenger car and light truck tire distribution division of Techno Pneu Inc. for the Bas St.-Laurent and Gaspésie regions of the province of Québec.
The transaction is expected to close June 14. Terms of the agreement were not disclosed.
The six Centre de Services of Techno Inc. — located in Chandler, Amqui, Rimouski and Rivière-du-Loup, Quebec — will continue to operate under the Point S banner and will remain the ownership of the Marquis family.
Jean-François Marquis, Techno Pneu shareholder, said the move will allow the company to focus on developing other segments, including commercial, agriculture and retreading. He also said Techno Pneu will continue to prioritize the distribution and promotion of its private label brand Techno.
"We are convinced that with this new strategic orientation, we will contribute significantly to the Techno Pneu growth, Marquis aid. "Our engagement towards our customers remains strong and wish a harmonious development to all."
Distribution Stox President and CEO Jean Novak said the 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."
Distribution Stox, founded in 2016, operates 29 distribution centers along with more than 250 delivery trucks across Canada.
In April 2023, Distribution Stox acquired majority ownership of North Country Tire Distributors, with distribution in the western provinces of Alberta, British Colombia and Manitoba.
