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.