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Groupe BMR becomes La Coop fédérée subsdiary

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La Coop fédérée, an  agricultural and agri-food co-operative has announced that Groupe BMR has become one of its wholly-owned subsidiaries, joining Olymel, Agrico Canada Ltd., Agronomy Company of Canada, and Énergies Sonic as part of its extended family.

La Coop fédérée had held a minority ownership in Groupe BMR since November 2013 and has now exercised the stock option set out in the agreement and purchased the remaining shares, the organization said in a news release.

“We’re very proud to welcome Groupe BMR to our network,” said La Coop fédérée Denis Richard “BMR is a leader in Quebec and Canada’s retail, renovation and construction sectors. Uniting our operations strengthens our leadership in the hardware sector. On behalf of La Coop fédérée’s employees, management and members, I want to tell our new colleagues from Groupe BMR that we’re looking forward to getting to know them and, with them, to build the future of this major sector – in Quebec, Canada, and the world.”

“This is a most strategic union given the industry’s highly competitive nature,” the news release says.

With its head office in Boucherville, Groupe BMR is also active in Ontario, the Maritimes, as well as Saint-Pierre and Miquelon. BMR’s annual sales are estimated at over $1.4 billion. Its stores employ 5,000 people.

“With this partnership, we become the second-largest player in Quebec, with a total of 350 renovation centres and hardware stores offering the best products and services in the industry,” said Yves Gagnon, honorary president of Groupe BMR. “This is great news for our clients, retailers and employees alike.” The Unimat and BMR brands will remain in use.

From left to right, Yves Gagnon, honorary president of Groupe BMR, Denis Richard, president of La Coop fédérée and Gaétan Desroches, chief executive officer at La Coop fédérée, all gathered at the announcement of the arrival of Groupe BMR within La Coop fédérée (CNW Group/La Coop fédérée)
From left to right, Yves Gagnon, honorary president of Groupe BMR, Denis Richard, president of La Coop fédérée and Gaétan Desroches, chief executive officer at La Coop fédérée, all gathered at the announcement of the arrival of Groupe BMR within La Coop fédérée (CNW Group/La Coop fédérée)

“This union allows two significant Quebec leaders to keep on leveraging local talent to offer our members and consumers the opportunity to procure the products they need close to home, in their community, at competitive prices,” said Gaétan Desroches, chief executive officer at La Coop fédérée. “The addition of Groupe BMR illustrates our will to build on the retail sector, particularly in the areas of renovations and building materials, and contribute to the growth of local economy, including in the agricultural sector. I want to thank our financial partners – including Investissement Québec – who allow companies such as ours to strengthen their roots in major economic sectors.”

La Coop fédérée began shifting to retail in the hardware and agricultural-machines sectors in 1977.  Visit www.unairdefamille.coop for more information.

Banc Developments plans to build 5-storey complex in Halifax

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banc development page

A five-storey residential and commercial complex may soon be built on a long-vacant lot on Chebucto Road in Halifax, reports The ChronicleHerald.

Banc Developments Ltd. wants to begin construction as soon as possible at the former service station location, according to company president Besim Halef.

“We’ve submitted an application for a development agreement with the city, and this begins the approvals process,” Halef said.

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Work begins on $70M redevelopment project at Halifax Shopping Centre

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halifax shopping centre rendering

Construction is slated to begin this month on a $70-million redevelopment project at Halifax Shopping Centre, reports The ChronicleHerald.

The project will result in 75,000 sq. ft.of additional retail space. It involves converting one of the mall’s office towers to 45,000 square feet of retail space.The remaining 30,000 sq. ft.is tied to the renovation of the former Fairlanes Bowling location on the lower level into a new food court, according to the news report.

Construction is expected to be completed in the fall of 2016.

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New Brunswick allocates over $400M for roads, bridges, energy upgrades

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new brunswick construction

The New Brunswick Department of Transportation and Infrastructure will spend $409.5 million in bridges, highways, buildings and equipment in 2015-16.

The majority of capital funding will be invested in road and bridge maintenance and building upgrades to create jobs, improve safety and produce long-term savings.

Funding for provincially-designated highways in municipalities will increase by $16.2 million for a total of $25 million. The capital budget includes more than $10 million for energy retrofits and renewable energy initiatives for public buildings.

New Brunswick to spend nearly $100Mto build schools

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The Department of Education and Early Childhood Development will spend $95.9 million to build and improve schools in New Brunswick.

As part of a multi-year infrastructure spending plan, the department will be investing in 10 new projects and three studies in 2015-16.

The multi-year plan will enable the construction industry to anticipate the department’s infrastructure needs. The plan also supports the government’s work to ensure spending continues to be managed responsibly.The plan aims at addressing health and safety requirements, capacity deficiencies and the rationalization of infrastructure, according to a statement.

“New Brunswick’s public schools must continue to offer safe and healthy environments that meet the needs of students, teachers and staff,”Education and Early Childhood Development Minister Serge Rousselle states. “This significant investment in educational infrastructure will result in new and enhanced schools that will support students as they continue their journey of learning.”

Additionally, Rousselle says that work will continue on 14 existing major capital projects. Rousselle also announced the Mid-Life Upgrade project, a new component of the department’s capital program. The project is designed to identify schools with significant deficiencies due to age and size. This process will enable the department to carry out upgrades and modernize schools.

In addition, the department’s capital budget includes $23 million for a series of capital improvement projects, each under $1 million. The amount includes funds supporting programs to ensure all schools meet basic health, safety and maintenance requirements.

Prince Edward Island University to build new building for engineering school

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The University of Prince Edward Island will construct a building to house a new school of sustainable design engineering.

The university will receive $16 million from the provincial government towards the establishment of the new school, reports The Prince George Citizen. Some $12 million will be spent to help fund the construction of a building and $4 million will go toward the program’s operating costs.

Construction of the new building is expected to be completed by the fall of 2016.

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Colchester County sees drop in building permit numbers

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For October, building permits issued in Colchester County, Nova Scotia, were valued at almost $1 million, which is lower than for the same month last year.

But the recorded figures still totaled more than $2 million, which Mayor Bob Taylor suggested was still a respectable number, reports Truro Daily News.

“We’re down from last year a bit but I think $2.4 million for October is not bad,” he said, during the Thursday night (Nov. 27) council session.

The municipality issued 36 permits last month with a total value of $2,404,000 compared to 39 permits issued in October 2013 valued at $3,383,900, a difference of $979,900.

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Bell Aliant plans to build data centre in Bedford

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Bell Aliant will spend $7-million on a data centre at the site of the old RIM building in Bedford, N.S., reports CBC News.

Bell will take over RIM’s data centre and spend money on a massive upgrade.The move is part of the creation of a so-called “innovation campus” at the building owned by developer Scott MacRae of the Armour Group.

The proposed seven-building campus will be called EON Square.

MacRae said his company will begin construction immediately on a $24 million speculative office building to be completed by the end of 2015.

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Construction underway on Maritime Link in Newfoundland

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Officials recently broke ground on the Maritime Link in Newfoundland, CBC News reports.

The transmission line will bring power to be generated at the under-construction Muskrat Falls megaproject in Labrador to Nova Scotia, via Newfoundland.

“There’s a lot of work going on here,” said Derrick Dalley, Newfoundland and Labrador’s natural resources minister, adding that the Maritime Link project has become a major employer.

“There’s a lot of Newfoundlanders and Labradorians working here and that’s tied to the benefits of the project as well.”

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Bird Construction, Ellis Don submit bids to build $95M centre in Moncton

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Two companies submitted bids to build a $95.4-million downtown sports and entertainment centre for Moncton, CBC News reports.

Bird Construction and Ellis Don each put forth a bid; both companies have completed similar multi-million dollar projects in Canada.

Isabelle LeBlanc, a spokesperson for the City of Moncton, said a committee of experts will dissect their proposed designs.

Construction on the sports and entertain centre should begin next spring or summer, if the finances come together.

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