Zynik Manufacturing Group in Ontario, Canada, has purchased three manufacturers of equipment for the finishing and coating industry.
Polyfab Industrial Services, XL Fabrication, and North American Rectifiers were acquired by Zynik and will be organized under the RPS Industrial Group. Management teams and labor force will remain in place, and all three companies will continue to operate separately.
Jeff FraserWith a focus on the general metal finishing industry, all of the companies design, fabricate, and install thermoplastic and metallic tanks and the rectifiers that power the finishing lines.
Polyfab Industrial Services was a custom plastic manufacturer, while XL Fabrication fabricated metal components, with both companies servicing North America and owned by the same group in Canada.
North American Rectifiers made SCR-based DC power for North American manufacturers out of its Ontario headquarters.
“I am very proud of what Polyfab has achieved over the past 20 years and am so excited to see what the next 20 years will bring for Polyfab under the RPS umbrella,” says Jason Schiebel, the President of Polyfab Industrial. “I believe that being part of this comprehensive and experienced team will only strengthen and reinforce our position in the marketplace.”
The companies also serve the automotive, aerospace, chemical processing, food and beverage, and water treatment industries, with customers throughout the U.S., Canada, and Mexico. Well-developed relationships and supplier agreements with other businesses that provide finishing line components bring extra value to customers.
“I’m excited for what’s coming and the potential for growth,” says Bob Davison, Director of XL Industries.
Kevin Hewett, Director of North American Rectifiers, agrees.
“I’m feeling very good about partnering with the Zynik Group and growing NAR to the next level,” he says.
Jeff Fraser, President, and CEO of RPS Composites, expressed his enthusiasm for the value these companies will bring to the industrial group.
“We’re very pleased by these acquisitions,” Fraser says. “Although each company brings its own industrial materials expertise, together they offer a synergy that positions them far ahead of others providing similar products.”
