The G.N. Johnston Equipment Co. Ltd. has acquired the assets of The Econo-Rack Group (2015) Inc. (CNW Group/The Econo-Rack Group (2015) Inc.)
August 10, 2015
MM&D Online Staff
MISSISSAUGA, ONTARIO—The GN Johnston Equipment Co Ltd, an authorized Sales and Service Center of The Raymond Corporation, has acquired the assets of The Econo-Rack Group Inc. Econo-Rack became a wholly owned subsidiary of Johnston on August 1, 2015.
Econo-Rack is a Canadian manufacturer and dealer of racking and related material handling products and services. The company has eight locations, including a 210,000-square-foot manufacturing facility in Brantford, Ontario. Combined, Johnston and Econo-Rack have more than $400 million in sales and employ 1,150 associates.
“This acquisition adds value for customers, both current and prospective, through expanded product offerings for diverse application and operational needs,” says Michael Marcotte, president and chief executive officer for Johnston.
Johnston Equipment is a countrywide material handling provider in Canada with 14 strategically located offices. It recognizes that customer care is just as important as the quality and craftsmanship of the equipment, with each of its 840-plus team members focused on providing only the highest levels of personalized service.