Raymond Service Center Acquires Racking Supplier
G.N. Johnston Equipment Co. Ltd., a Canada-based sales and service center of The Raymond Corp., Greene, N.Y., acquired the assets of The Econo-Rack Group Inc., 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 CEO for Johnston.