Rosaire Tessier & Fils Inc. Receives $33,750 in Funding From Government of Canada for Specialized Equipment

SAINT-NARCISSE, QUEBEC--(Marketwire - Aug. 24, 2011) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced the awarding of $33,750 in repayable funding to Rosaire Tessier & Fils Inc. for specialized equipment that will enable the firm to automate a portion of its production line.

"The Government of Canada is proud to support this project of Rosaire Tessier & Fils, a firm operating in the wood transformation and furniture sector, a priority for the Mauricie economy," said Minister Lebel.

Founded in 1964, this third-generation family-run business designs, manufactures and distributes wooden bases for beds that are then incorporated into box springs by mattress companies. The mattress industry has been at the heart of the industrial development of Saint-Narcisse for more than 50 years. According to the company's management, this project is expected to result in the creation of three new jobs and the maintenance of 14 existing positions in the area.

Rosaire Tessier & Fils Inc. intends to use this financial assistance from Canada Economic Development to purchase automated equipment that has been custom designed to meet the company's needs. The plant's production shop will also have to be reconfigured to accommodate the new machinery. Completion of this project will enable the firm to increase its manufacturing capacity and boost its competitiveness.

This contribution has been awarded through the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE).

About the TISQFE

The Temporary Initiative for the Strengthening of Quebec's Forest Economies was brought into force in June 2010 to help communities affected by the forestry crisis diversify their economies in order to ensure their growth and create and maintain employment. The initiative's goal is also to support small and medium-sized businesses in these communities in their efforts to secure their viability and sustainable development.

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