Canadian OEM, Manac, has completed the acquisition of Alutrec, an aluminium semi-trailer specialist.
“We are proud to announce this transaction, said Manac President and CEO, Charles Dutil.
“Alutrec has a great range of products in the aluminum platform segment which are complementary to those of Manac. The combination of Alutrec's technical expertise in the aluminum flatbed market and Manac's dominant position in the trailer industry will be a benefit to all of our business partners.
“Alutrec and Manac will work together to further develop the significant potential that Alutrec's assets represent, whether it pertains to the strategic location of the Laurier-Station 200,000 square foot site, the experienced workforce which makes up the Alutrec team, or the innovative intellectual property that it owns.
“This transaction forms part of Manac's planned strategic growth aimed at expanding our presence in the more specialised segments of the industry, as well as our efforts in innovation,” he said.
Supported by Manac's experienced leadership team, Alutrec will continue to operate independently out of its Laurier Station location. Manac's support will focus mainly on component purchasing, manufacturing processes and marketing strategies.