Canerector is proud to announce that Enerquin Air Inc. has joined our group. This marks the fifth acquisition of the year and, more importantly, a powerful partnership with our business, Paprima Industries. Together, the two companies will collaborate to deliver additional solutions to their shared market.
For over 40 years, Enerquin has been a trusted name in the pulp and paper industry, specializing in paper and tissue drying technology, energy-saving solutions, and building ventilation with operations spanning Montreal, Quebec, the Eastern Townships, and Mobile, Alabama. Enerquin’s global network and hands-on, customer-focused approach make them a perfect fit with Paprima, a leader in high-pressure water-jet technology for pulp and paper applications.
For Enerquin’s prior owners, it was very important to find a group that would care for and understand the business they built. Thankfully, they found a great fit with Paprima’s president, Alain Verville, who has stepped in to fill the role of President at Enerquin with admiration and respect for the business.
“For years, we have envisioned building a robust portfolio in the pulp and paper sector,” Verville said. “Together, we see great potential for innovation and collaboration that will benefit both companies and our customers.”
“Enerquin’s technical expertise, innovative solutions, and customer-centric approach are a natural complement to us,” said Matt Warden, Senior Vice President of Canerector. “We are thrilled to welcome them to our network and look forward to working together to grow our capabilities in this industry.”
Canerector is an industrial acquiror, committed to buying and holding for the long term. We empower our businesses to run autonomously, backed by our strong balance sheet with zero debt. This allows us to reinvest and ensure our network thrives.
Enerquin’s legacy of hands-on engagement, passion for excellence, and global reach neatly align with our approach, and we are excited about the new opportunities this partnership will bring.
Welcome to the family, Enerquin!