BID Group Acquires YGE Inc.
This strategic transaction further enhances BID’s product offering within the wood processing saw and tooling sector, while extending BID’s industry-leading product and service offerings throughout the entire operational lifecycle.
“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.
The transaction formally closed Oct. 1, 2023. YGE Inc., located in St. Raymond, Quebec, is a trusted partner of BID Group, an associate member of the Southern Forest Products Association, having forged strong bonds with BID’S product lines, projects, and manufacturing facilities throughout North America.
“I am pleased to be able to transition our business with the BID Group,” said YGE Owner Yvon Guillemette. “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.”
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