ZCL Composites buys Dualam Plastics Inc.
ZCL Composites Inc., an Edmonton, Alta.-based manufacturer of fibreglass tank systems for the petroleum indu...
ZCL Composites Inc., an Edmonton, Alta.-based manufacturer of fibreglass tank systems for the petroleum industry, has purchased Montreal’s Dualam Plastics Inc., a provider of custom engineered fibreglass reinforced plastic and dual-laminate composite products for use in corrosion-resistant applications.
Dualam operates eight geographically diverse manufacturing and field service facilities in Canada and the U.S. Dualam’s two primary operating divisions are CPF Dualam and Troy Manufacturing.
“Dualam is a strategic addition that significantly expands ZCL’s depth and presence in the corrosion market,” said Ven Côté, ZCL’s president and CEO. “Dualam is a very well respected company that has leveraged its reputation for quality and customer satisfaction to generate strong growth over the past number of years. We believe there are significant opportunities in the corrosion market and with the addition of the strong team at Dualam we believe we are now in a position to grow our presence in this market.”
For their fiscal year ended November 30, 2008, Dualam had reported consolidated revenue of nearly $44 million.