Business
WAJAX ACQUIRES BETA FLUID POWER AND BETA INDUSTRIAL
WAJAX ACQUIRES BETA FLUID POWER AND BETA INDUSTRIAL Canada NewsWire TSX Symbo...
About this update from Wajax Corporation
[{"type":"text","content":"\n \n \n \n WAJAX ACQUIRES BETA FLUID POWER AND BETA INDUSTRIAL\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX Symbol: WJX\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n September 1, 2023\n \n \n /CNW/ - Wajax Corporation (\"\n \n Wajax\n \n \" or the\n \n Corporation\n \n \") today announced that it has acquired all of the issued and outstanding shares of\n \n Sault Ste. Marie, Ontario\n \n -based Beta Fluid Power Ltd. (\"\n \n Beta Fluid\n \n \") and Beta Industrial Ltd. (\"\n \n Beta Industrial\n \n \"). Beta Fluid is a leading regional supplier of hydraulic and pneumatic equipment for use in the industrial, mining and construction sectors. It also offers hydraulic and pneumatic maintenance, repair and replacement services, including mobile services. Beta Industrial provides a wide range of on-site facility repair and maintenance services to local and regional customers. Together Beta Fluid and Beta Industrial employ a team of approximately forty-two full-time employees.\n \n \n \"Since 1997, the Beta team has developed a reputation for dependability and excellent customer service, and we are very pleased to welcome them to the growing Wajax family,\" said\n \n Iggy Domagalski\n \n , President and Chief Executive Officer of Wajax. He continued, \"Through acquisitions such as Beta, and our recently completed Polyphase Engineered Controls acquisition in\n \n Alberta\n \n , we continue to execute our Industrial Parts and Engineered Repair Services growth strategy, adding sought-after technical capabilities and expanding the services we offer to customers across the country. We look forward to further additions to our Industrial Parts and Engineered Repair Services portfolio as we continue to develop our acquisition pipeline.\"\n \n \n The transaction will be subject to normal post-closing adjustments.\n \n \n \n Wajax Corporation\n \n \n \n Founded in 1858, Wajax (TSX: WJX) is one of\n \n Canada's\n \n longest standing and most diversified industrial products and services providers. The Corpora...