Distribution Stox, has announced an agreement in principle to acquire the passenger and light truck distribution division of Techno Pneu Inc. in the Bas St-Laurent and Gaspésie regions.

The closing of the transaction is expected for June 14, 2024.

Activities of the six Centre de Services Techno Inc. located in Chandler, Amqui, Rimouski and Rivière-du-Loup will continue under the Point S banner and will remain the property of the Marquis family.

“By freeing up time as well as resources, we will focus on the development of various segments such as commercial, agriculture, OTR, retreading and others,” says Jean-François Marquis, Techno Pneu shareholder.

“Furthermore, we will continue to distribute and promote our private label brand TECHNO which remains a priority for us. We are convinced that with this new strategic orientation we will contribute significantly to the Techno Pneu growth. Our engagement towards our customers remains strong and wish a harmonious development to all.”

“This acquisition is part of our growth strategy which will enable Distribution Stox to solidify its presence in these eastern Québec regions in terms of passenger and light truck tire distribution,” says Jean Novak, Distribution Stox President & CEO.

“We will continue the great team work already in place by Techno Pneu’s team and keep taking great care of customers who are supporting our growth.”

About Distribution Stox

With the largest tire inventory in Eastern Canada, Distribution Stox, which was founded in 2016, is a recognized leader in car and light truck tire distribution. Distribution Stox has 22 high-tech distribution centres and it operates 190 delivery vehicles throughout Quebec, Ontario and the 4 Atlantic provinces to offer one of the best services in the country. Every year, Distribution Stox actively takes part in Procure’s campaign against prostate cancer.

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