Mont Sutton ski resort sold to local investors

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 PierreChesnay, a former senior manager of Uni Slect.

The tentative agreement must first be voted onby minority shareholders at a meeting in March.

Oncethe sale goes through, the new owners plan to invest in new snow-making machines, better snow groomersand improvements to the chalets.

The Boulanger family first openedMont Suttonon Dec.17, 1960. The Boulangers, at the timeowners of a dairy firm, Produits Laitiers Sutton, launched theresort was a way to keep their workers employedduring the winter months.

In 2012, a group of interested buyers approached the Boulanger family, but after several months of talks, that deal fell through.