PE-backed Métal 7 acquires equipment maker Enduride
Sept-Îles, Québec manufacturing company Métal 7 Inc has bought Enduride Canada-USA, a Québec City-based maker of rollers and idlers for power-driven or gravity conveyors. No financial terms were released. Established in 1974, Métal 7 is a designer and maker of equipment for the iron ore and aluminum industries. It said the acquisition is the first in a strategy to create a flagship value-added products and services business dedicated to the global primary industry. Métal 7 was acquired in April 2014 by a group led by NCP Investment Management and including BDC Capital, Fondaction CSN and Fonds de solidarité FTQ.
2 March 2017•2 mins read
