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.
The Prohibition on the Purchase of Residential Property by Non-Canadians Act took effect on the first of January – but what does it really mean?
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.