Pelican Intl Inc. Announces Successful Acquisition and Strategic Vision for Growth

Pelican Intl Inc., a newly formed entity, has acquired the assets of Pelican International Inc. and Confluence Outdoor Inc. The acquisition, led by former Pelican President and CEO, Danick Lavoie, with private investors, aims to set a path for growth, resilience, and success. Confluence Outdoor Inc. will now operate as Pelican Intl USA Inc.

 To stakeholders, the company extends gratitude and commitment to delivering unparalleled products, fostering industry transformation, and forging renewed partnerships. Supported by new investors, Pelican Intl Inc. plans to consolidate its leadership in the paddlesport sector through acquisitions and strategic partnerships.

 President and CEO, Danick Lavoie, expressed gratitude for the trust of the investors and highlighted the company's strong fundamentals and operational performance. Pelican Intl Inc., headquartered in Laval, Quebec, Canada, operates advanced manufacturing facilities in Laval and Salaberry-de-Valleyfield, Quebec, Canada, and Greenville, South Carolina. Advisors Cain Lamarre and Woods LLP provided legal counsel for the acquisition and CCAA proceedings respectively.

Source: PR NewsWire