Things are heating up at Canerector! We’re pleased to announce the acquisition of Riverside Foundry Inc., a strategic move that strengthens our position in the casting industry served by Foundrion Group.
“We are delighted to welcome Riverside Foundry Inc. to Canerector’s Foundrion Group,” said Joe Tabak, Group President. “This acquisition expands Foundrion’s presence in our key markets and enhances our ability to deliver exceptional service and value to our customers.” For more information on Foundrion Group, visit www.foundriongroup.com.
Since 1964, Riverside has been a leading employer in the community of New Hamburg, Ontario. “Today marks an exciting milestone in our history and signals the dawn of a new chapter. I am thrilled to be part of Foundrion Group and the Canerector family,” said Josh Lange, President/GM of Riverside. “Having an opportunity to operate independently while benefiting from tremendous organizational support is truly the best of both worlds,” he continued.
Riverside Foundry Inc. is a sand casting foundry that specializes in non-ferrous materials (copper and aluminium-based alloys), serving various markets including waterworks, power transmission, electrical, and building materials. With over 70,000 square feet spanning two production facilities, Riverside Foundry Inc. has the flexibility to support low to extremely high-volume production runs. Equipped with an onsite tool room and pattern making capabilities, Riverside Foundry Inc. prides itself on its responsiveness to new customer opportunities and supporting existing customers in bringing new products to market. Riverside is excited to continue the organization’s long history of providing high quality castings into the foundry market.
Throughout our long history, Canerector has consistently demonstrated a dedication to expansion by acquiring and investing in North American industrial manufacturing businesses. We endeavour to be a good home for each, empowering them to operate autonomously while providing opportunities to benefit from a network of peers, business insights and incentives. As we embark on this new partnership with Riverside, we look forward to seeing the business reach new heights and are excited by what the future holds.