On October 11, 2023, Norbec Inc., a prominent manufacturer of insulated metal panels and walk-in coolers and freezers since 1982, announced a significant investment in its share capital by Sagard Private Equity Canada (Sagard PE). Jan Lembregts, Norbec's President, emphasized the alignment between Sagard's reputation and Norbec's values, highlighting the partnership's potential for operational expansion. Sagard PE, represented by Partner and Head Marie-Claude Boisvert, expressed enthusiasm for collaborating with Norbec's experienced management team to enhance the company's strategic objectives and expand operations in targeted regions through new projects.

This investment saw Norbec's management team emerge as the leading shareholder group, in concert with Desjardins Capital, Sagard, and Norbec's founder, demonstrating a unified commitment to building a top-tier business. The company's headquarters will continue to be in Boucherville, Quebec.

Reiterating the company's dedication to maintaining its foundational values, Lembregts assured that despite rapid growth, Norbec will persist in prioritizing customer experience, respect, collaboration, engagement, and innovation. He expressed gratitude towards Norbec's 325 employees, emphasizing their role in the company's success and its mission to contribute to a more sustainable world with high-quality insulated solutions.