History

Armtec is a leading manufacturer and marketer of a comprehensive range of infrastructure products and engineered construction solutions for customers in a diverse cross-section of industries that are located in every region of Canada, as well as in selected markets globally. These markets include Canada's national and regional public infrastructure markets and private sector markets in agricultural drainage, commercial building, residential construction and natural resources.

Operating through its network of regional offices and production facilities across the country, Armtec’s broad range of engineered solutions include products for drainage, bridge applications, soil retention, rehabilitation and water management systems including corrugated high-density polyethylene, corrugated steel and concrete pipe; an array of architectural and structural precast and pre-stressed concrete products from steps, paving stones, slabs and wall panels to highly engineered structural components designed and installed for projects such as bridges, sports venues and parking garages; and, a full suite of noise barriers, acoustic enclosure and wall systems along with associated retaining and traffic barrier systems.

2010

Effective January 1, 2010, the Fund’s reorganization brings together the former Armtec, Con-Force and Durisol Divisions into one regionally based organization, supported by a centralized services group headquartered in Guelph, Ontario.

 

2009

Fund acquires the shares of Pre-Con Inc. With facilities in Brampton and Woodstock, Pre-Con is the market leader in custom precast and pre-stressed concrete products in southern Ontario. The company has provided single source technical sales, design, engineering, project management, manufacturing and installation services for precast concrete (predominantly pre-stressed) components and systems to both commercial/industrial and infrastructure markets since 1958.

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Fund acquires the assets of Groupe Tremca Inc. Based in Saint-Jean-Sur-Richelieu, Quebec, Groupe Tremca has been a market leader in the manufacture of precast concrete and infrastructure products in Quebec for over 40 years. Groupe Tremca’s product specialties include concrete pipes, architectural and structural elements, highway noise barriers, retaining walls and precast amenities and steps.

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The Fund announced a corporate reorganization designed to capitalize on the significant acquisition growth undertaken over the last three years and transform the various entities acquired into one operating entity. The reorganization will place the Fund in a better position to compete effectively in the North American infrastructure markets.

2008

Fund acquires certain property and assets of Bruce Tile. Based in Walkerton, Ontario, Bruce is a leading high density polyethylene pipe (HDPE) and drainage tile manufacturer and a significant supplier to Ontario’s agricultural market for over 35 years. The acquisition strengthens the Armtec Division’s competitive position in Ontario’s growing agricultural drainage market.

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Fund acquires Durisol Inc. and its related companies and forms the Durisol Division, a new operating division of the Fund. Based in Hamilton, Ontario, Durisol manufactures highway noise barriers and related highway and infrastructure products such as retaining walls and acoustic enclosures. Within the past 30 years, hundreds of miles of Durisol noise barriers have been installed across North America and around the world.

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Fund acquires A.E. Concrete, as part of its strategy to develop a national precast concrete platform for the Con-Force Division. AE Concrete has a precast production facility in Surrey, British Columbia, where it has manufactured and supplied precast concrete standard products to the B.C. and Washington state infrastructure and residential markets for over 35 years.

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Fund acquires the assets of the Brooklin Concrete division of Clearford Industries and the shares of Boucher Pre-cast Concrete Ltd. to expand the geographic scope of Con-Force’s precast business. The transactions build on the acquisitions of Con-Force and A.E. Concrete Precast Products, provide more than 100 years combined experience in the precast market, and increase the range of products and services that we can offer to customers in Ontario and Quebec.

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Fund acquires the shares of BURNCO Concrete Products Ltd. from the BURNCO Group of Companies. Known as Con-Force Concrete Products (CFCP), the company produces a wide variety of precast concrete products and pre-mixed package products, including office and warehouse insulated wall panels, high-rise office panels, architectural wall panels, steps, stairwells and pre-mixed concrete, mortars, stuccos, cements and hollow core, with nearly 100 years of history.

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Fund acquires certain specified assets of Oxford Plastics Inc. Based in Embro, Ontario, Oxford is a leading manufacturer and supplier of high density polyethylene pipe (HDPE) drainage tile with more than 25 years of experience, focused on Ontario’s agricultural market and building trades sector.

2007

Fund makes transformational acquisition of Con-Force. Con-Force, with over 60 years of experience in the precast industry, became Armtec’s single largest transaction in its history. Con-Force transforms the Fund’s operations and line of products offered to customers, driving strategic growth and building long-term value for unitholders.

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As of January 4, 2007, Armtec's Trustees and senior managers collectively own 211,602 units in the Fund, which represents approximately 2% of the issued and outstanding units.

2006

Fund acquires the Construction Products Division of Twister Pipe Limited of Calgary, Alberta, for approximately $7.7 million, strengthening Armtec’s presence in Alberta.

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Fund broadens product offering by acquiring exclusive license from BEBO Arch of Canada to sell the BEBO concrete arch bridge technology throughout Central and Western Canada. 

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Fund’s product offering is further broadened by a sales and distribution agreement with CONTECH Stormwater Solutions, a leading U.S. supplier of stormwater quality systems.

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Fund successfully completes public offering raising total gross proceeds of approximately $25 million; $6.8 million will be used to finance acquisition of the culvert manufacturing and distribution business of Prairie Steel Products Ltd. and Prairie Steel Manufacturing Ltd.; the balance will be used to strengthen the balance sheet.

2004

Armtec Infrastructure Income Fund is created through a $90.15 million IPO. Proceeds are used to indirectly purchase
100% of Armtec operations; units trade on the TSX under symbol ARF.UN.

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Fund acquires the Construction Products Division of Maritime Steel & Foundries Ltd. for $2.1 million, strengthening Armtec’s presence in Atlantic Canada.

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Fund completes manufacturing, sales and service agreement with Polytubes Inc. to access additional manufacturing capacity in Western Canada.

2001

Armtec is acquired from Magnatrax Corp. in a management-led buyout sponsored by ONCAP, an Onex Small Cap Investment Fund.

2000

Big ‘O’ and Armtec amalgamate to create the first multi-material pipe and engineered products provider in the Canadian marketplace.

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Jannock Ltd. acquired by Magnatrax Corp.; Armtec is identified as a non-core asset.

1999

Big ‘O’ and Armtec combine operations.

1998

Jannock Ltd. acquires Big O, a leading Canadian manufacturer of corrugated HDPE pipe and related products for the infrastructure and agriculture sectors.

1987

Jannock Ltd. acquires the remaining 50% of Armco.

1983

Jannock Ltd. acquires a 50% interest in Armco.

1931

Armtec is renamed Armco Drainage & Metal Products.

1908

Armtec is founded as Canada Ingot Iron.