The shareholders of Pelican International,have sold a minority share in the Canadian maker of water sport equipment to Fonds de solidarité FTQ, a Montreal-based development capital fund. The investment will help the company to open a second factory in Quebec with a view to boosting its production capacity. The current plant in Laval, Quebec, is said to be no longer sufficient to meet the company's storage and production needs. The company, founded in 1968, makes kayaks, stand-up paddles, paddle boats, fishing boats, canoes and utility sleds. It reportedly built its two millionth boat in late 2014.
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