Italy's Chiorino buys Québec belt maker Celmire in North American push

What's the deal? Italy's Chiorino S.p.A.Dealroom has a profile for this one. Try Dealroom → has acquired Celmire Inc.Dealroom has a profile for this one. Try Dealroom →, a Drummondville, Québec company that fabricates and distributes custom conveyor and power transmission belts. Chiorino, a manufacturer and distributor of industrial conveyor belts, was advised by law firm LangloisDealroom has a profile for this one. Try Dealroom → on the cross-border transaction. Financial terms were not disclosed.

What's the endgame? The acquisition expands Chiorino's presence in Canada and supports its broader growth strategy in North America. Founded in 1906 in Biella, Italy, the company sells lightweight belting solutions through a network of sales and fabrication centres worldwide.

Why the legal firepower? The cross-border nature of the deal required coordination across legal and commercial areas. Langlois assembled a multidisciplinary team spanning mergers and acquisitions, corporate law, tax, and labour and employment law, led by partner Félix Bernard.

The signal: The deal reflects how established European industrial firms are buying local specialists to build out North American footprints rather than entering markets from scratch — using bolt-on acquisitions of niche fabricators to gain immediate proximity to customers.

Read more: langlois.ca