Thermoplast Acquires NextrusionsOctober 5th, 2021 by Editor
Thermoplast, out of Laval, Quebec, has announced its acquisition of Nextrusions, the manufacturer of window and door profiles for Vision Group. With the acquisition, it has been renamed Thermoplast Nextrusions and allows Thermoplast to increase its production capacity. The Nextrusions plant is located in Anjou, Quebec, with 18 extrusion lines and nearly 100 employees, most of whom Thermoplast indicates will retain their positions.
Martin Boulanger, vice president of finance and marketing, said this is an important and exciting day.
“This transaction is entirely in line with our objective of always remain alert and continue to seek for growth opportunities. It ensures that we will remain a highly competitive company for years to come,” he said.
Jean Marois, vice president of sales and engineering, added, “We are now better equipped to maintain and expand our leading position in the Quebec and Maritimes market and to continue to develop and offer innovative, high-quality products and a superior customer experience.”
As part of the transaction Thermoplast and Vision signed a Supply, Service and Technology agreement.
“Thermoplast has recently become a standalone company where all decisions are made locally. Taken as a whole, this transaction secures our supply chain and gives us the capacity and flexibility to respond to growth opportunities,” said Mike McCullough, vice president of operations and human resources.