SOPREMA STRENGTHENS ITS POSITION IN THE MARKET
WITH THE ACQUISITION OF CONVOY SUPPLY LTD.
October 2012, to further consolidate its leading position in building insulation, SOPREMA acquired 100% of the activities of CONVOY, a Canadian company specializing in insulation and roofing materials. SOPREMA, which has its North American head office located in Drummondville, has owned 50% of CONVOY shares since 2001. With this full acquisition, the company adds another key component to its business strategy. Remaining true to its corporate philosophy, SOPREMA will encourage CONVOY to evolve as an independent entity. The CONVOY company was established in 1972 in British Columbia, and then expanded across North America. The company now has 39 sales points and 735 employeesin the two countries. CONVOY's 2011 revenue was about $550 million. This acquisition will allow SOPREMA to strengthen its means pertaining to product offering and to add to its expertise, business development and human capital. SOPREMA is entrusting CONVOY leadership to Ms. Alma Garnett, who brings 25 years of experience in the field of building materials to the company. Ms. Garnett previously worked for Hunter, a subsidiary of Carlisle, specializing in thermal insulation.