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.
(Sponsored)
In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
Family-owned Coke Canada Bottling investing to grow in Ottawa-Gatineau
Have you ever wondered where your favourite Coca-Cola products come from? Few people in know that over 300 popular beverages products, like Coca-Cola, Coke Zero, Fuze, Fanta, Monster Energy, A&W
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.
