Vaudreuil-Dorion, Québec-based Armco Industries Inc., a distributor of industrial packaging and accessories, has been acquired for an undisclosed price by Germany’s industrial packaging specialist Mauser Group. Armco’s facilities will be organized under RTQ-NCG, the Canadian reconditioning division of the German company. Mauser was acquired in 2007 by Dubai International Capital Private Equity, in a transaction which valued the company at €850 million.
MAUSER acquires Canadian distributor
MAUSER Group, a worldwide leading company in industrial packaging, has expanded its presence in Canada with the acquisition of ARMCO INDUSTRIES. ARMCO is a distributor of industrial packaging and accessories located in Vaudreuil-Dorion, QC since 1996. As the company expanded, they began to offer clients delivery services in Ontario and Alberta. The company established a network of business partners across Canada to become a leader for the collection of empty industrial containers.
ARMCO’s facilities in QC and ON will be consolidated into RTQ-NCG’s existing facilities in Mississauga, Ontario and Boucherville, Quebec. The Calgary location will remain in operation and continue operations as RTQ-NCG. This acquisition is in line with MAUSER’s ambition to further expand in the Western region of Canada. This will not only afford increased distribution, but a collection point for the Mauser Recollect Program in that area of Canada formally not available.
RTQ-NCG is the Canadian reconditioning division of Mauser Group.
Armco principle Nick Armenti, who becomes a shareholder of RTQ-NCG as part of this transaction, will serve as a consultant while son Andrew Armenti will continue in his position at the Quebec location. Nick Armenti stated that “Armco Industries is excited to become a part of RTQ-NCG! We believe this will strengthen our position in the Canadian market and enable us to offer a wider variety of products at more competitive pricing.” While Vice President of RTQ-NCG Guy Trépanier explained “ I am thrilled to welcome the Armco team to the RTQ-NCG family. It has been a pleasure getting to know the Armenti family during the past few months and I look forward to working with them on a regular basis in the future. Although our companies offer varying products and services, our strengths are complementary on many levels. Together we will be a competitive force that will be a major asset for the Canadian container market. “
About MAUSER Group
MAUSER Group is a worldwide leading producer of industrial packaging with approx. 4,000 employees and consolidated revenue of over EUR 1 billion. Founded in 1896 and headquartered in Bruehl near Cologne (Germany), the company has influenced the international market through innovative packaging technologies. The portfolio for customers in the chemical, agrochemical, petrochemical, and pharmaceutical sectors as well as in the food and beverage industries includes plastic packaging, fiber drums, steel drums, Intermediate Bulk Containers (IBC), and reconditioning services through the National Container Group (NCG), a MAUSER subsidiary. MAUSER therewith provides sustainability-oriented full cycle services – from production to recycling (“ECO-CYCLE”). With 60 MAUSER/NCG sites and multiple Joint Ventures in Europe, the Americas and Asia plus two licensee networks for plastic and steel packaging, the company is a presence around the globe. www.mausergroup.com
Mauser USA, LLC
3620 W. 38th Street
Chicago, IL 60632
Tel.: +1 773-847-7575
Photo courtesy of Shutterstock.