Distribution Stox wraps up agreement to acquire Techno Pneu

Distribution Stox has concluded its agreement in principle to acquire the passenger car and light truck distribution division of Techno Pneu for the Bas St-Laurent and Gaspésie regions in Québec. The transaction is expected to close on June 14.

The acquisition means activities of the six Techno service centres located in Chandler, Amqui, Rimouski and Rivière-du-Loup will continue under the Point S banner. They will remain the property of the Marquis family, Distribution Stox said in its news release. 

“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,” said Jean Novak, President and CEO of Distribution Stox, in a statement.

He added that they 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.”

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