Toronto (ON) Canada, December 2nd 2010 – Mr. Jean-Claude Morrissette, President of the Fransyl Group, announces effective today the acquisition of Lexsuco Corporation and Lexcan Limited.
The Fransyl Group consists of production and distribution operations for Fransyl Limited and Everest Supply Inc. The Group has operations in Toronto, Montreal, Ottawa, Quebec, Moncton and Terrebonne.
As a desire to broaden its range of manufactured products as well as to consolidate its presence in the Canadian and U.S. markets, the Fransyl Group sees this acquisition as a natural extension of its core business in the areas of roofing, infrastructure and building envelope products.
The synergies from this transaction will strongly promote the growth of these companies considering that they operate in different geographical markets and manufacture complementary products.
Manufacturing activities will be under Lexcor (a division of Lexsuco Corporation www.lexcor.net) founded in 1960 and the distribution business will become Lexcan (www.lexcan.com).
The management team, including its president Mr. Gary Fulford, will remain in place and more announcements regarding this transaction will follow in the coming weeks.
For more information, please contact:
Luc Jutras - Fransyl Limited