Fenplast announced the acquisition, through its subsidiary Altek Windows and Doors, of Ramp-Art, a manufacturer of custom aluminum and glass railings.
The acquisitions
This acquisition aims to allow Fenplast to expand its activities beyond its usual fields of fenestration activities while seizing a diversification opportunity. Fenplast hopes to expand its market since Ramp-Art has a well-established clientele outside Quebec.
In addition, Fenplast also announced the complete acquisition of Solarcom, a Quebec company specializing in the manufacture of custom aluminum fenestration products. Fenplast acquired a minority stake in Solarcom last spring.
In both cases, the administrative structures and all the personnel will remain in place to continue operations and support the growth of the company.
Fenplast hopes these new entities will strengthen the company's existing business and enable the company to provide a wider range of products to its customers.
What Fenplast says
"These acquisitions demonstrate our continued commitment to providing leading construction solutions to our clients in the housing sector. With the addition of Ramp-Art, we are expanding our product offering and consolidating our position in the construction field, exploiting new market opportunities beyond our traditional activities. In addition, the complete acquisition of Solarcom strengthens our expertise in the manufacture of custom aluminum fenestration products. We look forward to working with the talented teams at Ramp-Art and Solarcom to continue to provide excellent products and service to our customers," says Jean Marchand, president, Fenplast.
