Heating, ventilation and air conditioning products
Primary markets: North America
Number of employees: 475
Contact: Richard Paquet, marketing director
Things heat up at Stelpro
Canada’s residential construction sector has been going great guns for the past several years. Companies whose growth is tied to the industry, such as Stelpro, a manufacturer and distributor of heating, ventilation and air conditioning products, have been doing well too.
This privately held St-Bruno company, headed Yves Chabot and his brother Eric, has grown steadily since it was founded by the pair’s father Mike Chabot in 1981, first by focusing on the Quebec market, and then by gradually expanding into the Maritime provinces.
“Our products are made in Canada, but we are located in Quebec, a market where heat is naturally very important,” says Yves Chabot, who joined the firm in 1991, shortly after graduating from the University of Ottawa with a degree in administration. Chabot attributes Stelpro’s success to its innovative product line which includes electronic heaters, furnaces, controls, thermostats and relays.
The fact that Stelpro reinvests a considerable portion of its profits in the business provides additional growth stimulus. Early last year the company installed a baseboard assembly line in its 200,000 square foot Saint-Bruno plant, which led to the creation of 30 new jobs. Government renovation tax credits and expansion into the United States market (in 2008) also helped to drive sales increases, as well as the hiring of more than 100 new employees during the past year alone.
That said the Chabots are far from done. During the coming year they plan to further boost Stelpro’s brand image through increased marketing and advertising, and to build on the company’s US presence.
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