PPE and infection control specialist Medicom has picked up a loan from existing investor CDPQ to help expand the business into Asia.
Medicom provides disinfectants and sterilization products as well as personal protective equipment, including medical grade face masks and gloves so vital amid the current coronavirus pandemic.
The company has announced the construction of four new plants in recent weeks, located in Québec, France, the UK and Singapore, to produce millions of N95 and surgical masks each month.
Kim Thomassin, executive vice-president and Head of Québec Investments and Stewardship Investing at CDPQ, said, “CDPQ is pleased to renew its support for Medicom and allow it to explore new avenues for expansion and increase access to its infection control products.
“Given the nature of its industry and its multi-year contracts, Medicom possesses the resilience that perfectly aligns with CDPQ’s strategy as a long-term investor.”
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