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07 JULY 2023 AL CIRCLE

Fenplast marks second strategic acquisition in three months with Ramp-Art

EDITED BY : MAYURAKSHI GANGULY 2MINS READ

Fenplast, a Candiac-based manufacturer of aluminium doors and windows, has recently made a strategic move by acquiring Ramp-Art, a leading windows and doors maker headquartered in Terrebonne, Quebec. The acquisition was made through Fenplast's Altek subsidiary, ADG.

While the exact financial details of the acquisition were not circulated, it is believed to be a significant investment as it will help Fenplast expand its reach and capabilities in the industry.

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Fenplast marks second strategic acquisition in three months with Ramp-Art

In a Press Release dated July 5, the company officials seized the opportunity to announce: "This strategic acquisition allows Fenplast to expand its activities beyond its usual fields of fenestration activities while seizing a promising diversification opportunity. Indeed, Ramp-Art has a well-established clientele outside Quebec, thus offering significant advantages for the Fenplast group in terms of market expansion."

Furthermore, Fenplast has also purchased Solarcom, a Quebec-based company specialising in custom aluminium fenestration products. This acquisition was first announced in April 2023, and it marks another major milestone in Fenplast's growth trajectory.

With the Ramp-Art and Solarcom purchases, all administrative structures and personnel will remain in place at Fenplast, ensuring continuity and stability for customers and employees.

Established in 1989, Fenplast is a well-acknowledged player in the industry, known for its high-quality PVC profiles for windows. The company serves commercial and residential customers and boasts a distribution network of over 80 independent specialized or owned dealers.

World of Aluminium Extrusions Report Forecast 2027

The acquisition of Ramp-Art and Solarcom will undoubtedly enhance Fenplast's product offerings and capabilities, enabling it to better serve its customers and stay ahead of its competitors.


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EDITED BY : MAYURAKSHI GANGULY 2MINS READ

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