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Fenplast Acquires Certain Assets of Atis Group


Fenplast Acquires Certain Assets of Atis Group

photo Atis Group | Fenplast Acquires Certain Assets of Atis Group

Fenplast Windows and Doors announces that it acquired the residual assets of Atis Group on September 1. Atis Group was under the protection of the Companies’ Creditors Arrangement Act. These assets will, among other things, allow Fenplast to increase its production capacity. Almost all affected employees will retain their jobs.

Among the assets in question are the former Laflamme Portes et Fenêtres plants located in St-Apollinaire. These plants, which have been in operation for several years, manufacture windows and doors for the residential market. Some 200 people are busy making quality products.

Also, there is the Altek Windows and Doors aluminum plant, located in Saint-Joseph de Beauce, with its sixty or so plant workers and approximately the same number on construction sites. Altek’s aluminum window and door products are favoured in the commercial and multi-dwelling housing markets.

Mr. Jean Marchand, President of Fenplast, is of course very excited about the transaction: I am thrilled about this acquisition, the additional production capacity brought about by the addition of plants with such experienced workers will enable Fenplast to better meet the growing demand.

Note that with this acquisition, Fenplast intends to direct the production of these plants towards the new construction markets, both for the residential and multi-dwelling markets. This new grouping will be called Altek Windows and Doors.

Moreover, Extrusions S.P located in Terrebonne, with its dozen employees, is part of the agreement. It will pursue its mission of manufacturing custom-made PVC extrusions for various players in the fenestration sector.

source: fenplast.com
#windows, #doors