Wolseley Industrial acquires QIP Quipment
Established in Montreal and operational since 1976, QIP is a wholesale distributor of manual and actuated valves, fittings, control products and instrumentation products. QIP’s three locations — one each in the provinces of New Brunswick, Ontario and Quebec — are now part of Wolseley Industrial. With the acquisition, 29 QIP employees have joined the Wolseley Canada team. QIP President Cosmo Pace will retire from the business, but will remain for a short time to coach and mentor staff and assist with the transition.
The acquisition of QIP strengthens our business in three key provinces, adding products, capabilities and an experienced team,” Murray said.