Stelpro acquires Flextherm
Electric floor heating specialists, Flextherm will continue production at its plant in Longueuil, QC.
electric floor heating
mergers & acquisitions
The Stelpro Group has acquired Flextherm, a leader in the electric floor heating industry. Founded in 1991, Flextherm has a 50,000-sq. ft. plant in Longueuil, Quebec.
“We are excited about rolling out the full potential of the synergy between Groupe Stelpro and Flextherm, which is based on common values such as manufacturing in Quebec, continuous innovation and high quality and service standards,” said Yves Chabot, president of Groupe Stelpro in a company release.
“I’m very proud of what I’ve managed to build with my team,” added Flextherm founder Philippe Charron. “I’m confident that the company’s continued development will be in good hands with Groupe Stelpro, another successful Quebec company that shares our family culture and values,”
Flextherm will retain its structure, independent of Stelpro, and its production activities will continue to take place at its Longueuil plant. The Flextherm, True Comfort and Flexdeco product lines will continue to be available through their respective distribution channels, and the same sales and customer service teams will provide the service.
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June 21, 2021