Two local metal fabrication companies are joining forces in hopes their new meld will be a “dominant force” in the industry.
Ridalco Industries announced Tuesday it is acquiring fellow Ottawa company P.E. Rail & Son. Terms of the deal, which closed on Jan. 1, were not disclosed and the newly merged firm declined to disclose its headcount. Pierre Rail, president and CEO of Rail & Son, will join the senior management team of the combined company.
A release says that both firms specialize in custom steel and aluminum fabrications for hospitals, governments, commercial building operators and other businesses as well as individual homeowners.
Family-owned P.E. Rail & Son was founded nearly 50 years ago according to the company’s website, while Ridalco’s history stretches back to the 1940s. Ridalco president and CEO Joe Hunnisett said in a statement that the acquisition is a key component of the company’s growth plan.
“Combining the long histories, customer relationships, and deep expertise of these two businesses creates a dominant force in our industry,” he said.