Belterra Corp.
Belterra Corporation Completes Acquisition of Rematech Industries
Belterra announced today the acquisition of 100% of the shares of Rematech Industries and its subsidiaries. Rematech, founded in 1964, has been a leader in conveyor belting, rubber and urethane molded products and corrosion and abrasion resistant lining products and services through it’s three locations in Sudbury, Thunder Bay and Mississauga, Ontario.
Belterra has provided expert conveyor belt and material flow handling solutions and services since 1969. Originating out of British Columbia, Belterra currently has 20 locations across Canada and employs the largest field service team in the country.
“We are so excited to be joining forces with the team at Rematech. This merger will significantly strengthen our position in Ontario and greatly enhance our ability to service our customers in that region and right across the country” explained Janice Stasiuk, President and CEO of Belterra. “This acquisition is instrumental in meeting our goal of delivering the optimum conveying solution at the right time with safe and trusted products, processes and people to help our customers reduce downtime and improve operating efficiencies.”
“We have been growing our business by providing quality service, products and solutions while being loyal and ethical to our stakeholders.” Commented Ivo Beljo, President of Rematech Industries. “Joining Belterra will ensure that we remain true to our values while increasing opportunities for our employees and benefits for our customers. We will instantly gain access to a national distribution network and we’ll have the resources to tackle any projects regardless of size, scope or location. We are excited to join a great team and we’re looking forward to the next 57 years.”
Source: https://www.belterra.ca/2021/04/01/belterra-corporation-completes-acquisition-of-rematech-industries/
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