manufacturer purchased by Canadian company | News, Sports, Jobs
DUNKIRK – A manufacturer of HVAC equipment in Dunkirk has been bought by a Canadian company.
Granby Industries LP, a division of TerraVest Industries Inc., announced that it has acquired all of the issued and outstanding shares of ECR International Corp. ECR, headquartered in Utica, is a privately held manufacturing company that manufactures heating and cooling products under a family of brands in North America, including the Dunkirk, Utica and Olsen brands, among others.
Pierre Fournier, President of Industries Granby, welcomes the employees of ECR and is delighted with their continued commitment to the company and its customers. “ECR International is a solid company with a portfolio of successful brands, and we are delighted to welcome its employees to the Granby family. ECR fits perfectly into our business portfolio and we look forward to fueling its growth and further strengthening our position in the North American heating market ”, he said in a statement.
Fournier noted that in addition to increasing manufacturing capacity, the two long-standing companies share similar values and strengths that will enhance the two companies’ ability to offer the most comprehensive heating solutions in the industry. For the sake of continuity, Granby Industries’ goal is to make this transition as seamless as possible, by providing products, services and sales support to customers through the existing ECR teams they have formed.
Dustin Haw, CEO of TerraVest, also released a statement regarding the purchase. “ECR International is a strong company with a portfolio of successful brands, and we are delighted to welcome its employees to the TerraVest family. ECR fits perfectly into our business portfolio and we look forward to fueling its growth and further strengthening our position in the North American heating market. he said.
TerraVest will acquire ECR using existing cash and credit facilities.
Mark Geise, IDA chief executive for Chautauqua County and deputy county and economic development director, said he believed this would be an advantage for the Dunkirk facility. “Rich Dixon (County IDA CFO) spoke to management and they felt it was really good for the local Dunkirk ECR. It was a good partnership. ECR had things that TerraVest needs and wants. and they feel that TerraVest is going to invest in companies ”, he said.
He was unsure of the number of ECR International employees at its Dunkirk plant.
According to the ECR website, the company has been present in Dunkirk for 93 years. “Since 1928, Dunkirk has been offering innovative, efficient and reliable domestic heating products to professionals, building owners and individuals. We are proud of our products. We listen to the people on the ground who are doing the hard work, and we design around their comments and suggestions. We believe in the strength of American Ingenuity for residential and commercial hot water boilers, steam boilers, indirect water heaters and all HVAC products ”, declares the company. Locally, the factory is located at 85-87 Middle Road, Dunkirk.
TerraVest is a diversified industrial company that sells goods and services to various end markets. It is a market leading manufacturer of home heating products, transportation vehicles and storage tanks for propane, anhydrous ammonia and natural gas liquids, energy processing equipment and tanks. fiberglass storage. Its head office is in Vegreville, Canada.
Along with Grandby Industries, other TerraVest brands include Grandby Composites, Grandby Storage Tanks, Grandby Furnaces, Grandby Heating Products, Pro-Par, Fischer Tanks, Diamond Energy Services, Agro, MaXfield, NWP Industries LP, Countryside Tank Company, RJV Gas Field Services, SegreTECH, Signature Truck Systems and EnviroVault LP.