Click here to see Canada’s most comprehensive listing of projects in conceptual and planning stages
Click here to see Canada’s most comprehensive listing of projects in conceptual and planning stages
CALGARY, ALTA. — Calgary-based Horizon North Logistics Inc. recently announced it has entered into a purchase agreement to acquire modular construction provider NRB Canada Inc. of Grimsby, Ont.
The deal gives Horizon North a new foothold in southern Ontario, said an announcement.
NRB Canada builds modular buildings for the institutional, industrial, retail and commercial markets and supplies related products and services.
Modular units are constructed in the Grimsby plant in preparation for onsite installation with applications in the educational, retail, commercial, health care, industrial and institutional construction markets, the statement said.
Horizon North is a publicly listed corporation with products and services in the industrial, commercial and residential markets through its Modular Solutions and Industrial Services divisions.
The transaction is scheduled to close in early April.
“The integration of these two companies means the unification of products and expertise that lead the way in Canada’s modular construction industry,” said Rod Graham, president and CEO of Horizon North, in the release.
“With this new base in southern Ontario, Horizon North is leveraging the stability of our balance sheet to take the next step in our pan-Canadian growth strategy. Like our other locations in Kamloops, Aldergrove and Calgary, the NRB Canada manufacturing facility is strategically located near major transportation routes and a diverse labour pool, meaning we are now well situated to provide our turn-key modular solutions across the country.”
“Horizon North’s expertise in wood-frame modular structures will expand to eastern Canada, providing solutions for affordable social, student, senior and First Nations housing, in addition to hotels, commercial space and single and multi-family homes,” says Joseph Kiss, president of Horizon North’s Modular Solutions business.
comments for this post are closed
OTTAWA—Canada Mortgage and Housing Corp. says the annual pace of housing starts...
2021 was the year of the Ox, which is said to bring stability, calmness, great o...
The accompanying tables show the top 10 major upcoming Northeast and Southeast c...
The accompanying tables show the top 10 largest upcoming Recreational and Retail...
Canadian public and private sectors have partnered to conduct a series of fire r...
A round of project cancellations may be imminent as spikes in both hard and soft...
Two more deals have been ratified in Ontario’s ICI sector including a trendsetti...
When the shovels go into the ground for three cross-laminated timber (CLT) build...
Calgary Mayor Jyoti Gondek says the city's state of local emergency remains in e...
The accompanying tables show the top 10 major upcoming Northeast and Southeast c...
The accompanying tables show the top 10 largest upcoming Recreational and Retail...
Despite the growing threat that rising interest rates will precipitate a North A...
A round of project cancellations may be imminent as spikes in both hard and soft...
New technologies and digital tools are becoming more commonplace across various...
Your top DCN headlines this week follow-up on reaction to the provincial electio...
CALGARY, ALTA. - Calgarians will now be able to travel Eau Claire to Prince’s Is...
© 2022 ConstructConnect Canada, Inc. All rights reserved. The following rules apply to the user of this site: Master Subscription Agreement, Terms and Conditions of Acceptable Use, Copyright Notice, Accessibility and Privacy Statement