Mont Sutton ski resort sold to local investors
Group of buyers plans to invest in better snow-making equipment, grooming and buildings
Ten years after it went up for sale, the Mont Sutton ski resort has been sold to a group of local investors.
A agreement was reached late Thursday night with the station's current majority shareholders, the Boulanger family.
The group of buyers is composed of Jean-Michel Ryan, CEO of Mont Sutton, Sylvain Gervais of Entreprises Larry and Pierre Chesnay, a former senior manager of Uni Sélect.
The tentative agreement must first be voted on by minority shareholders at a meeting in March.
Once the sale goes through, the new owners plan to invest in new snow-making machines, better snow groomers and improvements to the chalets.
The Boulanger family first opened Mont Sutton on Dec. 17, 1960. The Boulangers, at the time owners of a dairy firm, Produits Laitiers Sutton, launched the resort was a way to keep their workers employed during the winter months.
In 2012, a group of interested buyers approached the Boulanger family, but after several months of talks, that deal fell through.