Acquisition of ECR International TORONTO, Aug. 20, 2021 /CNW/ - TerraVest Industries Inc., (TSX: TVK) ("TerraVest" or the "Company") announces today that it has acquired all the issued and outstanding shares of ECR International Corp. ("ECR" or the "Company"). ECR, head-quartered in Utica New York, is a privately-owned manufacturing company that produces heating and cooling products under a family of brand names in North America, including the Dunkirk, Utica and Olsen brands, among others.
Dustin Haw, Chief Executive Officer of TerraVest, welcomes the employees of ECR and looks forward to their continuing commitment to the business and its customers. "ECR International is a strong business with a portfolio of successful brands, and we're delighted to welcome its employees to the TerraVest family. ECR fits within our portfolio of businesses perfectly and we look forward to nurturing its growth and further strengthening our position in the North American heating market." said Mr. Haw.
TerraVest will acquire ECR using existing cash and credit facilities.