{"id":22707,"date":"2025-08-28T17:12:43","date_gmt":"2025-08-28T21:12:43","guid":{"rendered":"https:\/\/saman.ca\/?p=22707"},"modified":"2025-08-28T17:25:42","modified_gmt":"2025-08-28T21:25:42","slug":"saman-acquires-finitec-a-division-of-groupe-finitec","status":"publish","type":"post","link":"https:\/\/saman.ca\/en\/saman-acquires-finitec-a-division-of-groupe-finitec\/","title":{"rendered":"SAMAN ACQUIRES FINITEC, A DIVISION OF GROUPE FINITEC"},"content":{"rendered":"<p class=\"p1\">Less than a month after rolling out its new Premium brand, Saman today<\/p>\n<p class=\"p1\">announced the acquisition of the assets of Finitec, a division specializing in floor finishing and maintenance<\/p>\n<p class=\"p1\">products. This significant transaction, which follows a series of major transformational initiatives, reinforces<\/p>\n<p class=\"p1\">Saman\u2019s pivot toward strategic growth powered by innovation, product portfolio expansion,<\/p>\n<p class=\"p1\">and market synergies.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_22699\" style=\"width: 710px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-22699\" class=\"wp-image-22699 size-large\" src=\"https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-700x467.png\" alt=\"\" width=\"700\" height=\"467\" srcset=\"https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-700x467.png 700w, https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-250x167.png 250w, https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-768x512.png 768w, https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-120x80.png 120w, https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec-600x400.png 600w, https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/saman-finitec.png 1296w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><p id=\"caption-attachment-22699\" class=\"wp-caption-text\">On the picture, Andr\u00e9 Rioux (Groupe Finitec), Marc Rioux (Groupe Finitec), Maxime Gagnier (Saman) and Vincent Moreau (Groupe Finitec)<\/p><\/div>\n<p>&nbsp;<\/p>\n<p class=\"p1\">\u201cWe are both proud and excited to make today\u2019s announcement,\u201d said Maxime Gagnier, President of Saman.<\/p>\n<p class=\"p1\">\u201cFinitec is a true Quebec flagship in our industry, with a reputation that extends far beyond our borders. We are<\/p>\n<p class=\"p1\">thrilled to welcome them to the Saman family. Together, we combine the best of both worlds to become a<\/p>\n<p class=\"p1\">large-scale Canadian manufacturer, positioned to play an even greater role in the North American market.<\/p>\n<p class=\"p1\">Saman and Finitec will continue to deliver innovative, top-quality products, along with outstanding in-store<\/p>\n<p class=\"p1\">service and support.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">\u201cBy transferring Finitec to Saman, we are passing the torch to a credible team capable of writing the next<\/p>\n<p class=\"p1\">chapter of its story,\u201d added Marc Rioux, Co-owner and President of Groupe Finitec.<\/p>\n<p class=\"p1\">\u201cWe are confident that Finitec\u2019s employees, customers, and partners are in good hands\u2014both in terms of continuity and future growth.<\/p>\n<p class=\"p1\">As for our group, this transaction gives us the opportunity to focus even more on AcoustiTECH, which has<\/p>\n<p class=\"p1\">specialized in building acoustic solutions for over 20 years.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">Effective September 2, this acquisition is part of a clear and concrete growth strategy aimed at strengthening<\/p>\n<p class=\"p1\">Saman\u2019s leadership position in interior wood finishing products.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">\u201cFrom the very beginning, our vision and commitments have been crystal clear: to see Saman become a major<\/p>\n<p class=\"p1\">player in our industry on the North American stage,\u201d continued Mr. Gagnier.<\/p>\n<p class=\"p1\">\u201cAs the only Canadian manufacturer fully dedicated to wood finishing products with a presence across the continent, we are more determined than<\/p>\n<p class=\"p1\">ever to win market share, expand our visibility, and reinforce our organization.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">In the coming days, all Finitec customers will be contacted to ensure a smooth and seamless transition,<\/p>\n<p class=\"p1\">particularly regarding supply and customer service. Production activities will be transferred to Saman\u2019s<\/p>\n<p class=\"p1\">Victoriaville plant.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p2\">\u2013 30 \u2013<\/p>\n<p class=\"p2\">Source:<\/p>\n<p class=\"p2\">Alexis Pinard, Marketing Director<\/p>\n<p class=\"p2\"><a href=\"mailto:alexis.pinard@saman.ca\">alexis.pinard@saman.ca<\/a><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><strong>ABOUT SAMAN<\/strong><\/p>\n<p class=\"p1\">Based in Victoriaville (QC), SAMAN specializes in manufacturing interior wood finishing products, including<\/p>\n<p class=\"p1\">stains, penetrating oils, top coats, and various maintenance and repair solutions. With recognized expertise and<\/p>\n<p class=\"p1\">a strong commitment to innovation and eco-responsibility, SAMAN offers water-based, low-odor, low-VOC<\/p>\n<p class=\"p1\">solutions.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">Used by professionals, artisans, and DIY enthusiasts alike, SAMAN products stand out for their performance,<\/p>\n<p class=\"p1\">durability, ease of application, and superior results. Operating throughout the North American market, SAMAN<\/p>\n<p class=\"p1\">continues its mission to provide both consumers and professionals with finishing solutions that combine quality,<\/p>\n<p class=\"p1\">environmental respect, and technical excellence.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><strong>ABOUT FINITEC<\/strong><\/p>\n<p class=\"p1\">Celebrating its 30th anniversary in 2023, Finitec was founded on Quebec\u2019s South Shore with a vision to do<\/p>\n<p class=\"p1\">things differently. Pioneer of the first high-performance water-based top coats\u2014now among the most<\/p>\n<p class=\"p1\">in-demand in the market\u2014Finitec has built its reputation on research and innovation, creating products<\/p>\n<p class=\"p1\">accessible to both professionals and DIYers. Its solutions reinvent the flooring industry, minimize environmental<\/p>\n<p class=\"p1\">impact, and promote healthier living spaces.<\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\">With a continually expanding portfolio that now includes MicroConcrete, Finitec products are available across<\/p>\n<p class=\"p1\">Canada in hardware stores, paint stores, and flooring specialists.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/saman.ca\/wp-content\/uploads\/2025\/08\/PRESS-RELEASE-SAMAN-ACQUIRES-FINITEC-082825.pdf\">Download the press release in PDF<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Less than a month after rolling out its new Premium brand, Saman today announced the acquisition of the assets of Finitec, a division specializing in floor finishing and maintenance products. This significant transaction, which follows a series of major transformational initiatives, reinforces Saman\u2019s pivot toward strategic growth powered by innovation, product portfolio expansion, and market&#8230; <a class=\"view-article\" href=\"https:\/\/saman.ca\/en\/saman-acquires-finitec-a-division-of-groupe-finitec\/\">View Article<\/a>","protected":false},"author":10,"featured_media":22702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[289],"tags":[],"class_list":["post-22707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/posts\/22707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/comments?post=22707"}],"version-history":[{"count":0,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/posts\/22707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/media\/22702"}],"wp:attachment":[{"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/media?parent=22707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/categories?post=22707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saman.ca\/en\/wp-json\/wp\/v2\/tags?post=22707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}