Thermoplast acquires Nextrusions
Thermoplast has announced the acquisition of Nextrusions, a manufacturer of window and door profiles, a division of Vision Group.
Following the transaction, the Nextrusions plant is renamed Thermoplast Nextrusions. This transaction allows Thermoplast to increase its production capacity and almost all employees will retain their positions. The Nextrusions plant is located in Anjou, QC., with 18 extrusion lines and nearly 100 employees.
As part of the transaction Thermoplast and Vision signed a Supply, Service and Technology agreement.
Martin Boulanger, partner and VP finance and marketing, stated: “This transaction is entirely in line with our objective of always remain alert and continue to seek for growth opportunities. It ensures that we will remain a highly competitive company for years to come.”
Jean Marois, partner and VP sales and engineering, added: “We are now better equipped to maintain and expand our leading position in the Quebec and Maritimes market and to continue to develop and offer innovative, high-quality products and a superior customer experience.”
Mike McCullough, partner and VP operations and HR, concluded by saying: “Thermoplast has recently become a standalone company where all decisions are made locally. Taken as a whole, this transaction secures our supply chain and gives us the capacity and flexibility to respond to growth opportunities.”