BID Group to Acquire YGE Inc.
Vancouver, BC, Oct 3, 2023 – BID Group is delighted to announce the successful completion of its acquisition of YGE Inc. This strategic transaction further enhances BID’s product offering within the wood processing saw and tooling sector, while also extending BID’s industry-leading product and service offerings across the entire operational life cycle.
YGE Inc stands as an innovative supplier and service provider specializing in top-tier saw guides, grinders, and critical consumables catering to the wood processing industry. Located in St Raymond, Quebec, YGE is a trusted partner, having forged strong bonds with BID’S product lines, projects, and manufacturing facilities across North America.
“We are excited to reach this agreement with our longtime partners YGE and the Guillemette family. This marks another important step in meeting our valued customer demand for modern, high quality and innovative saw and tooling technology solutions. This partnership builds on previous investments in Smith Sawmill Services, BLADE cutting tools, and the recently announced acquisition of Industrial Cutting Solutions in Alabama. “, said Simon Potvin, BID’s President, Wood Processing.
“I am pleased to be able to transition our business with the BID Group.”, said Yvon Guillemette, Owner of YGE. “I would like to thank our team for their dedication and hard work to build YGE over the years. I am confident this partnership will provide our employees, suppliers, and customers with enhanced opportunities and benefits.”
The transaction formally closed on Oct 1, 2023.