Fonds de solidarité FTQ invests in Serres Lefort
The company plans to put the funds towards a $27-million greenhouse construction project for growing organic vegetables to be sold in the North American market
The Fonds de solidarité FTQ is investing $5 million in the growth of Ste-Clotilde, Que.-based Serres Lefort.
Serres Lefort will put the funds towards a $27-million project involving the construction of eight hectares of greenhouses that will be used to grow organic vegetables to be sold in the North American market. It’s expected that this will help create around 60 new jobs.
“A pillar of greenhouse production in Québec, Serres Lefort continues to innovate by offering new value-added products and proving that jobs can be created when you use modern equipment and environmentally responsible practices,” says Normand Chouinard, executive vice-president, Investments, at the Fonds de solidarité FTQ.
“With this expansion, Serres Lefort is acquiring high end technology that will allow the company to increase its production of organic vegetables, all the while creating jobs. Futhermore, this project encourages local production, a priority for the Fonds,” adds Janie Béïque, senior vice-president, Industries, Entertainment and Consumer Goods at the Fonds de solidarité FTQ.
Founded in 1984, Serres Lefort produces 65 per cent of Québec transplants for outdoor farmers and produces, under contract, a large part of the greenhouse lettuce sold under the brand name Mirabel. In 2013, the company marketed its first greenhouse vegetables for the retail market, creating the VÔG and VÔG BIO brands. Today, 100 per cent of its cucumber, mini-cucumber and pepper production for the retail market is sold under the VÔG brand and certified organic by the certification body Québec Vrai.