QUEBEC, November 6, 2023
PR Distribution Inc. (PRD) is pleased to announce a significant development within its company that will have a positive impact on its services and its ability to better serve its clientele. PRD has recently completed the acquisition of Outillage Industriel Quebec Ltd. (OIQ), a company established since 1952, specializing in the precision cutting tool sector as well as sharpening services.
This acquisition aligns with the company’s commitment to enhance its offerings and more effectively meet the needs of its customers. The acquisition of OIQ will strengthen the range of products and services offered. Customers will now have access to a greater variety of products, including the following lines: band saw blades, measuring tools, cutting tools, cutting oils, carbide inserts, and consumables for CNC machines, all while benefiting from a highly qualified team of technical representatives to support them in their projects.
With this change, the owners intend to maintain the operations of both companies separately. The management team and employees of OIQ will remain in place to ensure a seamless transition and continuity in their operations. OIQ customers can rely on the same trusted contacts to address their needs and provide the personalized assistance they expect.
This acquisition allows both companies to strengthen their position in the market and will enable them to innovate by offering even more tailored solutions.
PRD would like to thank its clientele for the trust placed in them. The company is eager to continue its mission and explore the new opportunities that this major acquisition presents.
PR Distribution is a leading Canadian distributor of industrial supplies and maintenance, repair, and operations (MRO) products.
The third-generation family-owned business has been serving industrial and transportation sectors since 1976, providing inventory management, vending machine, procurement, and riveting solutions. PRD is recognized for the quality of its service, technical expertise, and personalized product and service offerings that meet the needs of its customers.
