Fonds régionaux de solidarité FTQ Invest $3.1 Million in Bouteilles Recyclées du Québec/United Bottles & Packaging and VerGlass

The Fonds régionaux de solidarité FTQ celebrate their 20th anniversary:
$50 million invested in Laval since inception

LAVAL, QC, June 16, 2016 /CNW Telbec/ - Established in 1994, Bouteilles recyclées du Québec/United Bottles & Packaging specializes in the import and distribution of high-quality glass bottles for a variety of beverage facilities including beer, wine, spirits, oil, vinegar, maple syrup and honey.

For its part, VerGlass was established in 2012, under the management of Normand Tremblay, president of Bouteilles recyclées du Québec/United Bottles & Packaging. Specializing in the micronization of recycled glass, the company manufactures products for use in the production of paint, varnish, plastics and inks. Together, the two Laval companies employ 100 people.

In order to support the growth of these two SMEs, the Fonds régionaux de solidarité FTQ invested $3.1 million, which was used to purchase equipment for the VerGlass plant.

"Bouteilles Recyclées du Québec has carved an enviable reputation in the agrifood industry. Thanks to the expertise of Normand Tremblay and his team, VerGlass too will become a major player in the glass recycling market," said Éric Dargis, regional co-director of the Fonds régionaux de solidarité FTQ Laval.

"Bouteilles Recyclées du Québec and United Bottles and Packaging generate half of their sales abroad. The investment of the Fonds régionaux de solidarité FTQ will allow us to continue growing and strengthening our position on export markets," added Normand Tremblay, president of Bouteilles recyclées du Québec/United Bottles & Packaging and Verglass.

20 years of investments in Laval

The Fonds régionaux de solidarité FTQ network was created in 1996 to provide Québec regions with a development tool. To date, the FRS Laval have invested $50 million in 80 projects, helping to create, maintain or protect 1,700 quality jobs in the region.

"These figures attest to the relevance of the regional funds and make us optimistic and enthusiastic about the next 20 years," added Luc Pinard, president and chief executive officer of the Fonds régionaux de solidarité FTQ.

Quality jobs and concrete spinoffs for Laval

A recent study by KPMG shows that the average salary at partner companies of the Fonds de solidarité FTQ and the Fonds régionaux in Laval is 3% higher than the regional average ($41,903 versus $40,486). As well, the GDP per direct job generated by Fonds partner companies is 16% higher than the region's GDP per job ($74,886 versus $64,505).

A summary of the KPMG study for Laval is available here.

About the Fonds régionaux de solidarité FTQ

The Fonds régionaux de solidarité FTQ have been helping to further regional economic development in Québec for 20 years. An integral part of the Fonds de solidarité FTQ network, the Fonds régionaux have invested $635 million in 1,040 projects since their inception in 1996, helping to create, maintain or protect close to 37,000 jobs. www.fondsreg.com

SOURCE Fonds régionaux de solidarité FTQ

Image with caption: "Éric Dargis, Regional Director, Fonds régionaux de solidarité FTQ (CNW Group/Fonds régionaux de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160616_C6511_PHOTO_EN_716022.jpg

Image with caption: "Normand Tremblay, President of Bouteilles recyclées du Québec/United Bottles & Packaging and Verglass (CNW Group/Fonds régionaux de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160616_C6511_PHOTO_EN_716024.jpg

Press contact: Patrick McQuilken, Fonds de solidarité FTQ, Telephone: [phone], Mobile: [phone], E-mail: [email protected]; Fonds de solidarité FTQ shareholders: Shareholder Services, Fonds de solidarité FTQ, Montréal: 514 383-3663, Québec City: 418 628-3663, Toll free: 1 800 567-3663