MISSISSAUGA, Ont.— G.N. Johnston Equipment Co. Ltd., has acquired the assets of The Econo-Rack Group Inc.
Financial terms of the deal were not disclosed.
Johnston Equipment is an authorized Sales and Service Center of The Raymond Corp.
Econo-Rack, which became a wholly-owned subsidiary of Johnston on Aug. 1, is a Canadian manufacturer and dealer of racking and related material handling products and services. The company has eight locations, including a 210,000-square-foot manufacturing facility in Brantford, Ont.
Combined, Johnston and Econo-Rack have more than $400 million in sales and employ 1,150 associates.