Congebec Logistics

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Congebec Logistics
Company typePrivate
IndustryStorage
Founded1974
FounderLaurier Pedneault
ServicesMulti-temperature storage, warehousing and distribution.
Websitehttps://congebec.com/

Congebec Logistics is a Quebec City, Quebec based company that provides cold and multi-temperature storage, warehousing and distribution services.[1][2] It is the second largest refrigerated logistics services provider in Canada.[3] Congebec is considered the 11th largest refrigerated storage company in North America and 18th largest in the world by the International Association of Refrigerated Warehouses (IARW).[4][5]

The company has twelve temperature-controlled facilities across Canada in Boucherville, Sainte-Julie, Montreal, Quebec City, Toronto, Winnipeg, Saskatoon and Calgary with a total of 49,66 million cubic feet (1,406,212)[6] m3) of refrigerated and frozen space. In addition to offering multi-temperature storage and packing services, Congebec also offer logistics and transportation services to its customers.

History[edit]

Congebec was founded in 1974 by Laurier Pedneault following the acquisition of a warehouse on Dalhousie street, in close proximity to Quebec City's old port.[7][8] In 1997 Congebec purchased its first warehouse in the Montreal region.

In 2002, it was the first phase of construction for the Boucherville warehouse which was the beginning of a strong expansion for Congebec.[9]

In 2004, Congebec purchased the Centre Frigorifique Montérégie, which is now referred to as Sainte-Julie warehouse. In doing so, Congebec also purchased CFM logistics that now is Congebec's transport division. After the acquisition, Congebec became the largest refrigerated warehouse company in Quebec and second largest in Canada. In 2006, the Boucherville warehouse was considerably expanded.

A seventh warehouse was built in Manseau in autumn 2008. This warehouse is almost entirely dedicated to the cranberry industry.

In 2011, Congebec entered the Toronto market with the opening of an 8th refrigerated warehouse strategically located near Pearson Airport, with more than three million cubic feet.

In 2013, Congebec conducted its largest expansion in history by acquiring four Westco Multitemp warehouses located in Calgary, Saskatoon and Winnipeg, which gave Congebec a total of more than 48.3 million cubic feet.[10][11]

In 2015, Capital régional et coopératif Desjardins (CRCD), a retail fund managed by Canadian private equity firm Desjardins Capital de risque, led an undisclosed investment in Congebec Logistic Inc. The deal was also backed by Fondaction CSN and Investissement Québec and supported the transfer of management of Congebec Logistic from its founder, Laurier Pedneault, to his son, Nicholas-P Pedneault.[12][13] As a result of the transaction, CRCD, an existing investor in the company, became the majority shareholder.[14][15]

On April 25, 2017, Nick Pedneault was named Chairman of the WFLO (World Food Logistics Organisation) and said he would focus his efforts on the development and growth of the industry as well as on the promotion of the GCCA (Global Cold Chain Alliance). The WFLO represents the research and education component of the GCCA. Mr. Pedneault is the first ever Québec native to occupy this position.[16]

In 2017 Congebec acquired Shamrock Cold Storage, inc. to establish its presence in the Toronto area; Congebec, inc. Shamrock is a cold storage company is the Toronto Market. The clients that dealt with Shamrock will remain in the Toronto storage facility.[17]

References[edit]

  1. ^ "In partnership with Investissement Québec and Fondaction CSN - Capital régional et coopératif Desjardins supports transfer Congébec Logistics to a new generation of entrepreneurs". Quebec Portal. 15 February 2015. Retrieved 21 September 2015.
  2. ^ "Congebec Logistics Inc". Bloomberg Business. Retrieved 21 September 2015.
  3. ^ "Congebec Logistics Inc. Acquires Westco MultiTemp Distribution Centres Inc". Yahoo Finance. 13 February 2013. Retrieved 21 September 2015.
  4. ^ "IARW Global Top 25 List". Global Cold Chain Alliance. Retrieved 12 June 2015.
  5. ^ "IARW North American Top 25 List". Global Cold Chain Alliance. Retrieved 12 June 2015.
  6. ^ "IARW North American Top 25 List of Refrigerated Warehousing and Logistics Providers". 7 March 2019.
  7. ^ "Profil d'un entreprise: Congébec". Les Affaires. Retrieved 12 June 2015.
  8. ^ "History of Congebec". Congebec. Archived from the original on 4 March 2016. Retrieved 12 June 2015.
  9. ^ "Historique - Congebec". Archived from the original on 2017-04-29. Retrieved 2017-06-12.
  10. ^ "Congebec Logistics Inc Acquires Westco MultiTemp Distributions Centres". Yahoo! Finance. 13 February 2013. Retrieved 12 June 2015.
  11. ^ "Congébec expanding warehouse". Winnipeg Free Press. 25 July 2013. Retrieved 21 September 2015.
  12. ^ Leduc, Gilbert (20 February 2015). "Congébec Logistique: Québec un jour, Québec toujours". Le Soleil. Retrieved 21 September 2015.
  13. ^ Morin, Marie Claude. "Congebec Logistiques restera québecoise". Les Affaires. Retrieved 12 June 2015.
  14. ^ "Desjardins leads investment in Congebec Logistics succession plan". PE Hub. Retrieved 12 June 2015.
  15. ^ "IARW & WFLO Elect New Officers and Board Members 2011". Global Cold Chain Alliance. 14 May 2015. Retrieved 12 June 2015.
  16. ^ https://www.gcca.org/press-releases/world-food-logistics-organization-elects-2017-2018-board-chairman-officers/
  17. ^ "Congebec acquiert Shamrock Cold Storage, Inc". 12 May 2017.
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