Rotoplast buys Pickering, Ont.-based rotomolder ACO Container Systems
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In a move to expand its product offering, Quebec-based rotational molder Rotoplast has purchased rotomolder ACO Container Systems, which is headquartered in Pickering, Ont.
ACO manufactures storage tanks with a capacity of up to 62,500 litres
The financial terms of the deal have not been disclosed.
“This acquisition will help us extend our reach to other markets and clients,” said Rotoplast president Sébastien Daudelin. “We wish to grow both companies and combine our expertise so that together we may become stronger.”
No staff will be laid off as a result of the purchase, Daudelin continued.
The purchase is the latest event in a busy year for Rotoplast, which is headquartered in East Farnham, Que., about 50 kms southeast of Montreal. The company, which was founded in 1994, was formerly owned by a private capital management firm. In March 2015, its two leading managers, Sébastien Daudelin and Mathieu Arsenault, bought out all of the company’s shares to become its sole proprietors.